Harman Invests $100M in China Operations
Harman, parent company of 15 brands, including JBL, Lexicon, and Mark Levinson says it plans to invest another $100 million to bolster its manufacturing and research capabilities in the People’s Republic of China. This new plan follows an initial investment phase of $75 million undertaken in 2007-2008 to establish manufacturing and R&D operations in Shanghai, Suzhou, and Shenzhen. As part of the latest investment plan, Harman will partner with the northern city of Dandong to create two new manufacturing operations with a total joint investment of some $50 million. From its new automotive electronics and audio systems operation in Dandong, Harman will conduct development, engineering, and manufacturing for the world’s leading automakers. To attract the R&D and manufacturing of Harman’s brands into the region, the City of Dandong will provide various incentives including infrastructure build-up. Harman is currently evaluating potential Chinese companies or test facility acquisitions for the remainder of its planned investment.
This post does not have any comments. Be the first to leave a comment below.
Post A Comment
You must be logged in before you can post a comment. Login now.