On June 19, Huang Guangiu, head of the Foreign Trade and Economic Cooperation Bureau in the city of Dongguan in China's Guangdong Province, stated that the Spain-based global auto parts producer Gestamp Automacion plans to construct an automotive grade steel sheet production facility in Dongguan.
The total investment in the project will be $120 million, while the main products will be high-strength auto steel sheets which will be supplied to auto enterprises in China.