ITALY'S Sogefi SpA aims to increase sales to 15 million euros (US$20.4 million) in China by 2010 from its automotive and heavy-duty applications filters business - up from the 2.1 million euros projected for this year.

Sogefi is seeking to capture potential market growth from China's efforts to tighten automotive emissions controls, Pierre L'Alloret, managing director of Sogefi's filter division, told a news briefing yesterday.

China now accounts for only 0.4 percent of Sogefi's global filter sales, but the ratio could increase to 2.7 percent by 2010, L'Alloret said.

The automotive components manufacturer, which lists shares in Milan, specializes in filters and suspension parts. The filter unit accounts for more than half of the company's total turnover.

Sogefi has formed a 70-30 joint venture with China's Zhejiang Universe Filter Co to produce automotive filters in Shanghai's Pudong New Area.

Sogefi said it also plans to strengthen its foothold in other Asian markets, including India and South Korea.

Source:佚名