(Yicai Global) May 5 -- Shares of Efort Intelligent Equipment rose after the Chinese industrial robots supplier said its Brazilian unit had received a CNY223 million (USD32 million) order from the Mexican arm of German carmaker Volkswagen.

After earlier gaining by as much as 4.5 percent, Efort’s shares [SHA: 688165] closed 0.8 percent up at CNY9.76 (USD1.41) in Shanghai today.

GME Aerospace Indústria de Material Composto will design and make part of the production equipment Volkswagen de México needs to complete its Tayron project at its Puebla plant in Mexico between this year and 2025, the unit’s Shanghai-based parent company said yesterday.

The order, to be paid in installments, is expected to have a positive but not significant impact on Efort's performance during the three years of the contract, the firm added.

This is the second large order Efort's overseas units have received from Volkswagen in less than one month. On April 11, the firm announced that its Polish arm had landed a USD25.5 million order for automated production equipment from Volkswagen's Chattanooga plant in the United States.

Editor: Futura Costaglione