Valeo expects China to top its market in three years
France's Valeo, a parts supplier in France, said that the company's business in China has expanded rapidly. In the next two to three years, China may surpass France and become the company's largest single market. Valeo issued a statement saying: “Valeo's long-term strategy in China aims to expand its business and make it comparable to European business.†The company expects that sales in China may turn over in 2015 compared to 2011. Times. Valeo's sales in China exceeded RMB 10 billion in 2012, contributing 10% of global sales. Valeo currently has 22 factories in China to produce powertrain components, driver assistance systems and thermal systems. The company has expanded three factories and started to build the fourth new factory in China. Valeo also opened ten product development centers and three R&D centers in China. In terms of personnel, in order to support its business expansion, Valeo plans to recruit 1,500 managers and engineering designers in China. RUNDE speciallized in bronze fittings,covered end feed and solder type and the flange,Bronze Fittings.well known as yorkshiire bronze fittings,pegler bronze or gunmetal fittings as well as connex bronze fittings bronze fittings,Yorkshire bronze fittings,Pegler bronze fittings,gunmetal fittings Taizhou Runde Company , https://www.zjbronzefittings.com