German industrial giant eyes China expansion

Heavy Industry

Saturday, August 30, 2008 05:57:51

	German industrial giant eyes China expansion By STAFF EDITOR Published: November 29, 2007 12:00 PM German-based industrial conglomerate Freudenberg Group plans to invest US$33.78 million (RMB250 million) in China to boost its productivity and its distribution network, the Shanghai Business Journal reported. The money would be spent on existing plants and a new plant in Yantai, Shandong province, which was due to be completed next year. The company hoped to double ... You are currently reading 57 words of 175 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: IT , shandong	More Articles in Heavy Industry > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Automakers drive steel profits Shanghai's industrial output slows Shandong papermaker inks $286m new equipment contract Shandong papermaker takes over Heilongjiang counterpart Shanxi stainless steel maker buys parent’s power plant Kunming Machine Tool 1H net profit up 57% Chongqing Steel 1h profits up 84%

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