peiker Establishes Trading Company in China

FRIEDRICHSDORF, Germany, June 10, 2013 /PRNewswire/ --

In May, the medium-sized automotive supplier peiker acustic GmbH & Co. KG established a trading company in China to supply the Chinese market with its products. After all, the Chinese automotive market is seeing astronomical growth rates and has become the largest in the world. Indeed, peiker is in a position to benefit in considerable measure from the surge currently being experienced in the Chinese economy. In fact, the company has already brought in the first Chinese OEM as a customer.

     (Photo: http://photos.prnewswire.com/prnh/20130609/618827 )

China has shown considerable drive and strength in providing its abilities, skyrocketing to the top of the global economy. As a result, it is strategically important for peiker to leverage opportunities on this market on the sales side. Thus, the automotive supplier has established a trading company in Shanghai to be able to better represent peiker's interests on the Chinese market since a company actually cannot supply products to China unless there is a local trading company there. peiker China is located in the "German Centre" in Shanghai, which occupies about 30,000m^², offering international firms from various industrial sectors facilities including offices, event space, and apartments.

Moreover, peiker made its first-ever appearance at this year's "Auto Shanghai" event, a major automotive trade fair. From April 21 to 29, the company presented its latest developments and products at the Shanghai New International Exhibition Center.

"With subsidiaries in the USA, Mexico, and France we are well-represented in the international market. Yet, it has long been clear that if you want to play on the international field nowadays, there is no getting around China," states Reinhard Kromer-von Baerle, Managing Director/CMO/CSO at peiker.

"Our goal is to acquire Chinese OEMs as customers which should be taken quite seriously as business partners," Kromer-von Baerle explains. In fact, starting this fall, peiker will supply the Chinese automaker Qoros with microphones for the first Qoros car model. Promising negotiations with other Chinese car manufacturers are underway.

About peiker

peiker is a leading provider of components in the area of communications technology - both for cars and for professional radio (PMR). Founded as an acoustics company in 1946, its product portfolio extends to all components of in-car infotainment and entertainment. peiker's connectivity modules are suitable for use in vehicles and enable a fast and reliable data transmission on the road; under the heading of "connected car", it thus opens the car door to the internet, navigation, other manufacturer-specific assisted services, and emergency call (eCall). Among peiker's regular clients are renowned international auto manufacturers, industrial firms, government agencies, and mobile phone manufacturers. More information is available at http://www.peiker.com

Contact:
Alexander Wiefett, General Manager

Tel.: +86-21-2898-6323
Fax: +86-21-2898-6593
Mobile China: +86-1-5601910360
email: alexander.wiefett@peiker.de