Home > Xinhua News Agency
German Pump Giant To Build Plant In East China City
December 16th, 2020 | 17:08 PM | 285 views
NANJING
The Wilo Group, one of the world's leading providers of pumps and pump systems, has signed an agreement to build a plant in the eastern Chinese city of Changzhou.
Top executives of the German company signed the agreement with officials from Changzhou's high-tech zone at a ceremony held online on Tuesday.
With a total investment of 100 million U.S. dollars, the plant will incorporate multiple functions including R&D, manufacturing and distribution, said Lyman Tu, managing director of Wilo China Ltd.
The plant is expected to produce products with an annual sales volume of more than 1 billion yuan (about 153 million U.S. dollars), said Tu.
Changzhou, a manufacturing hub in the Yangtze River Delta region, has attracted over 200 German companies to set up plants in the city.
Source:
courtesy of XINHUA NEWS AGENCY
by XINHUA NEWS AGENCY
If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]