CONTRACT WIN FOR DRIVELINE SYSTEMS IN CHINESE MARKET WORTH 16 MEUR (124 MNOK)

The contract has a total value of 16 MEUR over 6 years, and production will start in September 2011 from KA’s facility in Wuxi, China.

“We’re very satisfied with the continuing growth we’re seeing in our Chinese business, and with once again being chosen as a partner for one of the largest OEMs in China. This is and will continue to be our single most important growth market”, says Joachim Magnusson, Executive Vice President for KA Driveline.