Jinheng builds new air bag plant to meet demand

Jinzhou Jinheng Automotive Safety System Co, one of China's leading air bag manufacturers, announced it will set up a new plant to meet the increasing safety demands of local consumers.

The 100 million yuan ($14.93 million) project, located in Danyang, Jiangsu province, aims to increase its annual air bag and seat belt production capacity to 2 million sets in three years. The plant will also help Jinheng to "better engage with local automakers' logistics chains in terms of service and cost", according to Zhao Chengming, general manager of the company.

Founded in 1997, Jinheng is one of China's largest automotive safety companies, focusing on air bag and seat belt development, design and manufacturing. Jinheng used to be listed in Hong Kong. It has seen double-digit growth in the past decade, even when the auto market went sluggish. Its sales in the first half of the year increased 16.7 percent and reached 630 million yuan.