The Meneta Automotive Component Precision Manufacturing Project in Jinpu New Area, which was established by the Denmark-based Meneta Group with a $10 million investment, has commenced production recently.
The Meneta Automotive Component Precision Manufacturing Project, located in the Dalian Area of the China (Liaoning) Pilot Free Trade Zone, covers an area of 16,000 square meter, utilizing advanced fine blanking technology to manufacture products including brake pad circlips and steel backing plates.
Brake pad circlips are primarily exported to the United States and India, while steel backing plates are supplied to automotive manufacturers including FAW, SAIC, and BYD. The project's annual output value is estimated to hit 150 million yuan ($20.74 million).
Established in 1953 and headquartered in Denmark, Meneta Group is a leading global manufacturer of automotive brake components, boasting 10 wholly-owned production factories worldwide. Its integrity, strength, and product quality have earned high recognition within the industry.
