STS Group AG announced plans to further expand their presence in China. The companies signed a Memorandum of Understanding with the Government of Taixing City, under the patronage of CHIC, the Sino-Italy Foundation. STS Group has already a strong footprint in China with three plants and a research & development centre.

The Group is one of the few specialists for the commercial vehicle market that is both a global supplier and has a local engineering center in the People's Republic of China, the world's growth market for commercial vehicles. The acquisition of STS Group by APG last year has been well received by Light Vehicle and Commercial Truck manufacturers and further reinforces the development plans of STS Group in China. The new future location in Taixing will bring the perspective of a convenient location close to its customers, with advantages of the proximity of a cluster of intelligent manufacturing and new material industry.

It will also bring cost savings and protects the environment, the Taixing City development actions. When in operation, the new STS plant in Taixing will manufacture parts for its customers using its innovations and latest technologies of composite material for interior and exterior hard trims, including machining, fully automated painting and pre-assembly of submodule for easy assembly to cars or trucks.