In early October 2014, British supplier GKN Powder & Metallurgy announced plans to invest 8.7 million pounds (approximately RMB 85.1 million) to build a new plant in Danyang, Jiangsu, to expand its powder metal production capacity in China.

The new plant covers an area of ​​20,000 square meters and is scheduled to be completed in September 2015. The company's existing plant is also located in Danyang City, Jiangsu Province. It was built in 2006 to produce powder metal parts for engines and transmissions.

GKN also announced that its new plant in Yizheng has been put into operation to produce small precision parts for engines, bodies and chassis. By the end of this year, Yizheng will recruit 80 workers.

The company employs 6,600 people worldwide, has an annual operating income of 932 million pounds, has 34 factories in 10 countries and is headquartered near Birmingham, England.

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