International auto parts giants sink into the first phase of the project to invest 20 million yuan

On August 18, 2010, Rieter Automotive's spare parts project officially settled in Shenyang Auto City, Dadong District, Shenyang. The project will invest 20 million yuan in the first phase and it is expected that the annual output value will reach 200 million yuan.

Founded in 1795, Swiss Rieter Group is a leading supplier of system solutions and services to the textile industry and automotive industry. Currently, it has 70 production sites in 21 countries and its business scope covers the world.

At present, more than 30 companies have been put into operation in Shenyang Automobile City, and more than 20 projects such as Germany's Mingkang Electronics are under construction. The joining of Rieter Switzerland will greatly promote the development of supporting industries in Shenyang.

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