Qufu Tianbo and the ITW Group of the United States establish a joint venture company for automotive cooling systems

Recently, Shandong Qufu Tianbo Auto Parts Manufacturing Co., Ltd. and the United States ITW Group have laid the foundation for the joint venture company Yigong Tianbo (Qufu) Automotive Cooling System Co., Ltd.

It is understood that Gong Tian Bo (Qufu) Automotive Cooling System Co., Ltd. is the first joint venture invested by the ITW Group in China. Yigong Tianbo (Qufu) Auto Cooling System Co., Ltd. is a joint venture of the two parties in accordance with the tenet of “Strengthening cooperation and win-win cooperation”. It is mainly engaged in the research and development and production of automotive cooling systems. After the project is put into production, it has good economic and social benefits.

Qufu Tianbo Auto Parts Manufacturing Co., Ltd. is the largest automotive temperature sensor component company in China. The leading products include thermostats, thermal switches, temperature sensors, oil pressure alarms, horns, brake pads and other six categories, for the German public , Deutz; Cummins; Japan's Mitsubishi, Honda; Italy Iveco, Fiat; France Citroen and other companies supporting the joint venture in China, but also for the domestic FAW Jiefang, SAIC, etc. supporting more than 80 mainframe factories, product coverage, China, Light, micro, sedan and motorcycle and construction machinery and other industries.

The United States ITW Group, which is a joint venture partner, is a multinational corporation with a 100-year-old Fortune 500 and U.S. Top 200. It has more than 800 companies and more than 60,000 employees in 54 countries and regions. It covers eight major areas of the manufacturing industry. Yigong Tianbo (Qufu) Automobile Cooling System Co., Ltd. is the first joint venture invested by ITW Group in China. ITW Group's products have laid a broad applicability from the very beginning. In addition to large-scale equipment, ITW products are more of a number of proprietary accessories and auxiliary equipment, but not simply processed, but uniquely transformed. To make it a high value-added product, this business model is undoubtedly of great significance to the current Chinese processing and manufacturing industry.