China Information

Thursday, December 14, 2006

World Famous Construction Materials Producer GESSMANN Settling in Luoyang, Henan

Report from Luoyang Daily: Recently, GESSMANN Nonwovens (Luoyang) Ltd. invested by American GESSMANN Corporation solemnly initiated its business opening at the national high-tech development zone in Jili District of Luoyang. The total investment of this project is USD17.5m and the annual production value of the first phase is over RMB150m.The raw material of this project is polyester chips produced by the headquarters of Luoyang Petroleum & Chemical Factory. The manufactured nonwovens products are mainly used for asphalt covering and garbage filling. It is known that GESSMANN Corporation, headquartered in Denver, America, is a wholly-owned subsidiary of Buffett, an American famous investor with a history over 150 years and sales revenue surpassing USD2.5b. This worldwide leading manufacturer in quality construction materials and industrial materials production has its products applied widely to many fields like commerce, industry and architecture and enjoys high reputation in global construction materials industry.

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