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Thursday, December 21, 2006

Famous Automaker Georg Fischer Group Settled in Kunshan Development Zone

Recently, Swiss Georg Fischer Group, the international famous automaker signed an investment agreement with Kunshan Economic and Technological Development Zone at Kunshan Hotel. This time, the Products Division of Georg Fischer Automobile invested over USD100m to establish a auto parts production plant, mainly producing nodular iron parts and Al/Mg alloy parts. The estimated sales volume after project launch is about RMB4b through direct distribution to domestic market. The investment of the Products Division of Georg Fischer Automobile will promote the completion of production chain of auto parts in Kunshan Development Zone and will also have far-reaching impacts on the further growth of auto parts industry.

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