Grammer: Joint venture with FAWSN Group
On 5 November 2019, Grammer AG signed an agreement with Changchun FAWSN Group Co., Ltd., Changchun, China, an affiliated company of FAW Group Co., Ltd., one of the largest automotive manufacturers in China, to establish a joint venture for automotive interior components. Grammer will be holding 50 % of the new joint venture Grammer FAWSN Vehicle Parts Co., Ltd. The other 50 % will be held by Changchun FAWSN Group Co., Ltd.