Fuyao Glass To Buy German Firm

China's top glass maker for cars, Fuyao Group Glass Industries, says it plans to buy over a German automobile service company for over 1 million euros to better serve its major European clients.

Fuyao says it will acquire a 100 percent stake in SCHE-35 Ver-wal-tungs-ge-sell-schaft from its parent, and rename it Fuyao Europe GmbH.

Fuyao also says it plans to set up a joint venture in central China's Hubei Province, with overseas firm, Meanland Limited.

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