May 12, 2017 / 8:07 AM / 4 months ago

BRIEF-Rheinmetall strikes license deal with China's ZYNP

May 12 (Reuters) - Rheinmetall AG

* Says its unit KS Kolbenschmidt GmbH has signed a license agreement with the chinese automotive industry supplier ZYNP Corporation, Mengzhou

* Agreement covers the production and marketing of commercial vehicle steel pistons for the Chinese market

* The Chinese licensee will acquire from KS Kolbenschmidt new steel piston production lines

* Investment for the new plant and its equipment will be a sizeable double-digit million euro amount Source text: here Further company coverage:

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