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Business

China's Joyson eyes new heights through Takata

Aggressive acquisitions propel newcomer's rapid rise in car safety devices

YU NAKAMURA, Nikkei staff writer | Japan

GUANGZHOU -- Poised for a second major acquisition in a little over a year, Ningbo Joyson Electronic has risen from a virtual nobody in automotive safety components to supplier verging on global reach.

Founded in 2004, Joyson is a new face even in its native China. It listed its shares in Shanghai only in 2011. Sales for the fiscal year ended March 2016 totaled about 18.5 billion yuan ($2.7 billion).

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