Valeo expands buying in China.(Suppliers)(Valeo Automotive Inc.)(Brief article)

Byline: Lan Lan

Valeo is expanding its Shanghai-based purchasing office to buy more parts in China.

The office, which had 13 employees last year, will have about 50 by year-end. By 2010, Valeo aims to source 70 percent of its parts in low-cost countries, including China.

"Almost half will be purchased in Asia," says Ali Ordoobadi, ...