Jiangsu Kuangda Group announced that they planned to set up a subsidiary company in Stuttgart of Germany with the investment of EUR 1 million.
　　The tentative name of the company is Jiangsu Kuangda (Germany) Automobile Textile Co., Ltd., which includes the business of exploring the European market and developing cooperation and exchange center. The products contain fabrics, yarns, seat covers, non-woven fabric, leather, etc.
　　Jiangsu Kuangda Group was designated as the global supplier for Volkswagen. On the one hand, the establishment of the subsidiary company is favorable for products promotion and exporting projects following-up service. On the other hand, the advanced fabric and technology could improve the products quality, and enforce the competition strengthen of Kuangda.