GKN Sinter Metals, a producer of powder-metal automotive components, and Shanghai Automotive Co. Ltd. (SAC) signed a letter of intent to form a joint venture in China to produce powder-metallurgy (PM) components to support growing Chinese automotive and industrial markets.

GKN Sinter Metals (Auburn Hills, Mich.; www.gknsintermetals.com), a producer of powder-metal automotive components, and Shanghai Automotive Co. Ltd. (SAC) signed a letter of intent to form a joint venture in China to produce powder-metallurgy (PM) components to support growing Chinese automotive and industrial markets. The partnership includes a modern production plant in Shanghai.