Georg Fischer Expands in China
June 13, 2007
Released on Tuesday, March 27, 2007
Georg Fischer, Uzwil, Switzerland, announced plans to build a new metalcasting facility in Kunshan, China, according to a recent press release.
The new iron plant will begin operation in the spring of 2009 and will supply the local and global automotive industry with safety components. A statement by the company said that the iron facility would strengthen their existing presence in the light metals automotive market.
The facility already has enough orders to begin operations and has the capacity for expansion, according to the press release.
An investment of more than $41million (CHF 50 million) is planned for the first construction phase. Investments in cast iron will be spread over the next three years, the company said. Along with additional investments to expand capacity at GF Piping Systems, the corporation's investment volume in 2007 will climb to $148-157 million (CHF 180-190 million).
The plant of the newly founded Georg Fischer Automotive Co. Ltd. is being built on property in the Kunshan Economic and Technical Development Zone and is suitable for modular expansion. It is located around 30 km away from Georg Fischer's light metal casting facility in Suzhou, China, and enjoys all relevant facilities, such as energy supply, connections and trained personnel.
Georg Fischer currently has a total of 1,500 employees in all three corporate groups in China, where it generated sales revenue of some $250 million (CHF 300 million) in 2006.