Spain's Haistump executives recently said that China will soon become the company’s third largest market in the world next to Germany and Spain.
According to Francisco Riberas, president and CEO of Haistapu, the company’s revenue from China is expected to increase by 26% year-on-year to 500 million euros next year, which will account for 10% of the group’s total revenue.
According to Francisco Riberas' forecast, Haistanp’s annual operating income this year is expected to reach 6.25 billion euros. Just last week, the company just opened its eighth factory in China in Dongguan, Guangdong.
Currently, the total number of employees in Haistam China is 3,350, accounting for 10% of the total number of employees in the entire group. The company's major domestic customers include Peugeot Citroen, Volkswagen, Renault-Nissan, Geely Volvo, Ford, General Motors, BMW, Mercedes-Benz and Jaguar Land Rover.
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