China has bred enough talents, capital and technology for further rapid economic growth, said Shigeyuki Kawamura, general manager of Kayaku Safety Systems (Huzhou) Co Ltd.
The Japanese-funded company was established in 2006 in Changxing county of Huzhou, Zhejiang province with an investment of $10 million. Different from the factories based in industrial parks, the Huzhou branch of Kayaku is located in a mountainous area boasting idyllic scenery.
The line of its business includes manufacturing and sales of inflators and micro gas generators for automobile industry. Today, the high-quality products from the Huzhou production base have been adopted by nearly all automobile manufacturers around the world, including BMW and Mercedes-Benz.
Over the past 12 years, the company has increased its investment to $93 million. In 2012, the Huzhou branch built a building and invited experts to further its research and development work with the aim of strengthening global competitiveness. This May, it announced plans to invest $20 million to expand production.
Last year, the sales value of Kayaku Safety Systems (Huzhou) Co Ltd reached 470 million yuan ($68.22 million). The number is expected to reach 500 this year.
"China is a big market with stability and sustainability," remarked Kawamura. He is optimistic about the business in China. In the future, the Huzhou company will pay more attention to the research and development of products for new energy automobiles, the manager said.