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.