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Slide #9. Standard Motor Products, Inc. — Annex Manufacturing
Standard Motor Products, Inc. (NYSE:SMP)
Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, announced today that it has formed a joint venture with Gwo Yng Enterprise Co., Ltd., a China-based manufacturer of air conditioning accumulators, filter driers, hose assemblies, and switches for the automotive aftermarket and the OEM/OES markets. Standard Motor Products will invest $14 million in the 50/50 joint venture.
Standard Motor Products is a manufacturer and distributor of replacement parts for the engine management and temperature control systems of motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment market. Co.'s segment are: Engine Management, which manufactures and distributes a line of components for the ignition, electrical, emissions, fuel and safety-related systems of motor vehicles; and Temperature Control, which manufactures and distributes a line of components for the temperature control systems, engine cooling systems, power window accessories and windshield washer systems of motor vehicles.
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