A Chinese state-owned manufacturer of parts for the automotive industry, YAPP Automotive Systems Co. Ltd., is entering the Brazilian market, having rented logistics facilities in southern Brazil belonging to Global Logistic Properties Ltd. (GLP) of Singapore, says GLP in a press release.
It quotes GLP Chief Executive Stephen Schutte as saying YAPP Automotive Systems is renting a warehouse with a floor area of 11,000 square metres.
The report quotes YAPP Automotive Systems Vice-president Jiang Lin as saying: “GLP’s global team was very supportive in helping us expand into Brazil seamlessly, and we are very pleased to strengthen our partnership in a new market.”
YAPP Automotive Systems specialises in automotive fuel systems, including plastic fuel tanks, and supplies components for Ford, General Motors, Groupe PSA, Mercedes-Benz, Nissan, Suzuki and Volkswagen vehicles. Founded in 1988 and headquartered in Yangzhou, China, the company has 24 plants spread throughout China and overseas.