Japanese lighting system manufacturer Ichikoh Industries Ltd. will build a factory in China before the end of 2010 to produce metal molds for automotive parts. City Light plans to invest 4 billion yen in the plant, and its customers will include Valeo.
According to Bloomberg News, Valeo has a 32% stake in Shiguang, the largest shareholder of Shiguang.
Shiguang's website shows that Shiguang has two factories in China: WuxiKoh Sean Technology Co., Ltd. in Wuxi, Jiangsu, and Foshan Ichikoh Valeo Auto Lighting Systems Co., LTD. in Foshan, Guangdong (Chengguang Falei (Foshan) ) Automotive Lighting Systems Co., Ltd.).
Among them, City Light Law Leo (Foshan) Automotive Lighting System Co., Ltd. is a joint venture between Shiguang and Valeo. It was founded in September 2005 and is engaged in the production and sales of automotive lighting products. The main customers are Toyota, Honda and Nissan. Waiting for a Japanese auto factory.
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