PMG Group Builds PM Parts Plant in China
The PMG Group, a joint venture of Plansee Group and Mitsubishi Materials Corp., is building a 54,000-square-foot automotive PM parts manufacturing plant in Shanghai, China. The initial investment is $19 million. The plant will be operated by a new subsidiary, PMG Shanghai Fengxian Co. Ltd., and will make PM parts for vehicle motors and chassis. The new facility, which is Plansee’s ninth production company in Asia, will employ over 100 people.