Joysonquin Automotive Systems had a net profit of nearly RON9.1 million (EUR1.9 million) in 2020, three times lower than nearly RON27.9 million (EUR5.9 million) in 2019, per public data. The company had on average 896 employees in 2020, 335 fewer than in 2019.
At its plant in Ghimbav (Brasov County), Joysonquin manufactures interior parts for luxury cars, such as ornaments for car doors and dashboard, center consoles and steering wheels. Its clients include automakers Daimler, Volkswagen, BMW, Audi and Porsche.
The company has been present in Romania since 2003, as a local subsidiary of German Quin Group, which was acquired by China’s Joyson in January 2015. Joyson Electronics, headquartered in Ningbo, China, has over 100 production units in 30 countries and over 50,000 employees globally, per data on the company’s website.