Auria Solutions Shanghai Co. Ltd. Breaks Ground for New Facility in Wuhan, China

WUHAN,China,Dec. 20,2018 --Today,Auria Solutions Shanghai Co. Ltd.,held a ground breaking ceremony at the sight of its newest location in Wuhan,China. Auria Solutions Shanghai Co. Ltd. is a joint venture between global tier-one automotive supplier Auria Solutions Ltd. and Shanghai Car Carpet Plant Co.,Ltd.,a Shanghai Shenda company.

Auria Solutions Shanghai Co. Ltd.,new facility rendering

Once completed,the new plant will create approximately 100 new jobs in the region. The 22,500 square meter facility will produce automotive carpeting for Chevrolet and Buick models produced and sold in China. The company is among the largest producers of vehicle flooring systems,acoustical components and fiber-based decorative trim components for the Chinese automotive market.

"The new Auria Solutions Wuhan facility delivers on our on-going commitment to support our customers' needs through strategic growth and investment in the region and around the world," said Shenda Chairman Yao Minghua. "We look forward to delivering the world class quality and delivery our customers have come to expect from Auria."

In addition to carpet manufacturing,the new facility also will have in-house product and material testing & validation capability.

Construction of the new facility will begin in early 2019 and series production is scheduled to start in the plant by the end of the same year.

About Auria:

Auria Solutions is a leading global supplier of automotive acoustical,thermal,aerodynamic and fiber-based products. Formed in 2017 as a joint venture between Shanghai Shenda and IAC Group,Auria is built on a 100-year transportation industry heritage. The company,with financial headquarters in Coleshill,England and operational headquarters in Southfield,Mich.,USA,Shanghai,China and Dusseldorf,Germany,operates 28 manufacturing and 10 technical facilities in 11 countries and employs nearly 7,000 people worldwide.

About Auria Solutions Shanghai Co. Ltd.

Auria Solutions Shanghai Co. Ltd. is a joint venture between Auria Solutions Ltd. (45%) and Shanghai Car Carpet Plant Co.,Ltd. (55%),which operates under Shanghai Shenda Co.,Ltd. The JV comprises six automotive components manufacturing locations in China,including Beijing,Changshu,Shenyang,Tianjin and Wuhan. The JV is among the largest producers of vehicle flooring systems,acoustical components and fiber-based decorative trim components for the Chinese automotive market. During the last two decades,Shenda has developed into one of China's largest automotive interior suppliers,providing soft trim and acoustics products to almost every global OEM.

Contacts:

Shenda:

Lu Zhijun

+8621 62321585

lzj@sh-shenda.com

Auria:

David Ladd

(248) 728-7080 (U.S.)

David.ladd@auriasolutions.com

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