SMP's Foshan, China facility specializes in the manufacturing of air conditioning compressors for the automotive aftermarket and the Chinese Original Equipment market.
Standard Motor Products has formed a joint venture with Foshan Guangdong Automotive Air Conditioning Co., Ltd. (FGD), a China-based manufacturer of air conditioning compressors for the automotive aftermarket and the Chinese Original Equipment market.
The new company is named Foshan FGD SMP Automotive Compressor Co., LTD.
Mr. Eric P. Sills, Standard Motor Products’ Chief Executive Officer and President, stated, “We are very pleased to announce the formation of the FGD joint venture. FGD has been an excellent supplier to us of air conditioning compressors for several years."
“We believe that this transaction will enhance our position as a basic low-cost manufacturer and a leading supplier of temperature control parts to the aftermarket. We welcome FGD into the Standard family."