ARC Automotive, a manufacturer of inflation systems for vehicle airbags, and Yanfeng, a leading global automotive supplier, celebrated the official start of their new joint venture, today.
The joint venture which was announced earlier this year will operate under the name YFA Automotive Safety and develop, produce and commercialize inflators for automotive airbag applications. Together with high-ranking representatives and local authorities, the official foundation ceremony was held at the ARC manufacturing site in Skopje, North Macedonia. The joint venture is looking to hire an additional 100 employees over the next few years in North Macedonia.
With the joint venture, Yanfeng is expanding its safety product portfolio in Europe and further enhancing its expertise. As inflator devices are a core component of the airbag module, they are strategically important for the company. With this partnership, the company can offer all customers in Europe a complete range of inflators for all airbag applications, including driver, passenger, side curtain, and knee airbags, in addition to its other safety products such as steering wheels and seat belts.
“Our relationship with Yanfeng has been established for many years and I’m glad that both of our companies will work closely together in this new joint venture. We will primarily serve the European market, but plan to expand quickly over time to other markets. Thanks to this partnership we can accelerate our development activities, expand our customer base and grow together in all regions,” said Alex Qin, CEO ARC Automotive Inc.
“Today marks an important milestone for our company on the way to the planned growth and localization of our production outside of China, as well as on the way to the globalization of our safety business,” said Mike Hague, Vice President and General Manager of Yanfeng Safety Systems in Europe and North America.
This joint venture includes state-of-the-art equipment and production lines spanning 22,000 square meters, which is shared with 400 employees from ARC Automotive in Skopje.