Helbako Gmbh announced the formation of SHHX Helbako Automotive Co. Ltd., a joint venture with Ningbo Huaxiang Electronic Co., Ltd. SHHX Helbako will begin production of PCB sensor and control systems in 2014. The venture, along with a strategic investment in Helbako by the chairman of the NBHX Group, Mr. Zhou Xiao Feng, is a milestone in Helbako's development of a global manufacturing platform.

The excellent market position of both companies creates opportunities for global market penetration, increased asset utilization, and revenue enhancement. In 2011, Helbako launched its first globalization effort in a joint venture with HeWe Texas LLC in Del Rio, Texas, and Acuna, Mexico, with partner W.E.T. Automotive Systems AG of Odelzhausen, Germany. The venture manufactures electronic sensor and control modules for the NAFTA region.