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Ceremonial signing of contract for second site in China

Friday, 30 September 2022 13:07

The ETO GRUPPE plans to open a second plant in China at the end of 2023. The first Chinese ETO site in Kunshan near Shanghai has grown rapidly since its establishment in 2005 and is now reaching capacity limits again, despite its relocation only taking place in 2019. The new production site will be located in LuAn in Anhui Province, a city of one million people about six hours' drive west of Kunshan. 

On September 16, 2022, a contract signing ceremony was held between the ETO GRUPPE management, the management of the ETO site in Kunshan, and the local government of LuAn. Local governments in China play an important role in economic development and attracting foreign companies.

The management team, consis of CEO Dr. Michael Schwabe, COO Björn Schneekloth and CFO Stefan Fuchs, was present in China via video link. "Through this new establishment, China could become the second most important or even the most important location within the ETO GRUPPE. This will further strengthen our market position," predicted CEO Dr. Michael Schwabe.