Brembo and Gold Phoenix join forces to create friction technology player
The joint venture will establish the first large-scale Brembo manufacturing facility fully dedicated to the production of innovative aftermarket pads
Brembo, an Italy-based manufacturer of brake components and systems, and China-based friction products manufacturer Gold Phoenix have signed a 50/50 joint venture agreement establishing a new company, Shandong BRGP Friction Technology Co., Ltd, to create the first large-scale Brembo manufacturing facility fully dedicated to the production of innovative aftermarket pads, according to a press release dated 25 July.
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