Recently, INOVAN (Changzhou) Contact Technology Co., Ltd. has been officially settled in Wujin National High-Tech Industrial Zone (WIZ). The company has a total investment of 20 million US dollars and a registered capital of 10 million dollars. It is funded by the German-based Inovan GmbH & Co. KG, mainly engaged in research and development, production and sales of precision stamping parts for vehicles.

Prym INOVAN GmbH & Co. KG, founded in 1952 in Birkenfeld, Germany, is the leading supplier of customer-specific solution in contact technology. The main products of INOVAN are precision electrical products, which are widely used in automobile, communication and electronics industry. INOVAN bears the claim to innovation in its name. It is a company that has developed technologically leading solutions for more than 60 years and with more than 940 highly qualified employees as part of the globally operating Prym Group.

The settlement of the project will further enrich and expand the cluster of German auto parts enterprises in WIZ and optimize the supporting environment of Wujin’s automobile industry.