Degussa expands operations in China
BEIJING, Aug. 19 (Xinhua) -- Degussa, a specialty chemicals supplier from Germany, is expanding its operations in China, planning to boost sales in the country to 800 million euros in 2009.
The Beijing-headquartered Degussa China Co., Ltd. has spent over 22 million euros to expand its research and development center in Shanghai. The investment included the construction of a pilot facility for polymer engineering in a four-story building with a space of 1,250 square meters.
In fiscal year 2006, 4,000 employees generated sales of 460 million euros in China, up 60 percent from 288 million euros in 2005.
Degussa has also planned an annual investment of about 100 million euros in China for the coming few years.
Since the early 1990s, Degussa has been producing specialty chemical products in China. The group has more than 20 companies in China, with 13 production sites including Changchun, Dalian, Jining, Qingdao and Shanghai.
猜你喜欢
-
- 03-082015考研英语二作文18篇范文模板:道歉信
- 04-082014年考研英语作文备考常见误区
- 04-08新托福写作指导:如何让自己的作文充满高分亮点
- 03-092018考研英语5500词汇怎么记?
- 04-081999年英语专业四级考试阅读真题:text C
- 04-08U.S. declines to confirm DPRK report about getting off terror list
- 04-08Five U.S. soldiers killed in Iraq
- 04-08大学英语四级阅读精选模拟题100篇及答案详解(56)
- 03-092018考研英语:强化阶段复习抓住这些重点
- 04-08Merrill Lynch posts big loss due to credit crisis