Aug. 9 – Thanks to the purchase of the Chinese partner’s, Donghua Automotive Industrial Co.Ltd, remaining 30% share, for a value of Rmb 90 million (approximately €11 million), Brembo reached 100% control of Brembo Nanjing Brake Systems Co. Ltd. The joint venture between Brembo and Donghua Automotive Industrial (a subsidiary of SAIC, a major Chinese industrial groups operating in the automotive sector) works in the processing and coating of brake discs made of cast iron and aluminum fixed calipers for cars and commercial vehicles. The company is part of Nanjing’s industrial hub, inaugurated in 2012 and for which the Group has invested over €70 million. The complete acquisition is the last step to the complete integration of the industrial center, which includes the newly built foundry, the production lines for discs and brake systems, as well as the center for research and development. The ownership and control of all the companies in the hub will allow Brembo to take full advantage of all possible industrial, commercial and corporate law synergies.
