previously held a 60% stake and Fawer 40%. The new company, which employs 130 people and produces compressors for the Chinese and Asian markets, will be named Valeo Compressor (Changchun) Co., Ltd.

Valeo on Friday said it had increased to 100% its shareholding in a JV based in Changchun, China, which develops and manufactures compressors. Valeo previously held a 60% stake and Fawer 40%. The new ...

French supplier Valeo has taken complete control of its Changchun joint venture, increasing to 100% its shareholding in the entity in which it previously held a 60% stake and Fawer 40%. The new ...

SHANGHAI -- Global automotive component maker Valeo has taken full control of a joint venture facility in China that makes compressors for automotive heating, ventilation and cooling systems (HVAC).

DECATUR — About 175 workers are reporting for their last day of work today at Zexel Valeo Compressor USA, as the company closes the plant after 14 years in Decatur. Company officials announced the ...

DECATUR — The former Borg-Warner/Zexel Valeo Air Compressor Inc. property on South Side Drive in Decatur has a new owner.