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New "Saurer" SIP Plant Opens Oparation

Saurer Group, the globally largest textile machinery manufacture, has covered ten years' development course in SIP, from 1997 when it first registered in SIP to April 2006, when its new plant of 75,000 square meters constructed area on a land of 120,000 square meters officially went into operation. The opening of new Saurer plant is a clear indication of Saurer's determination of strategic shift to China. The new plant will play the role of manufacturing center of Saurer in China. Cao Fulong, Member of Standing Committee of CPC Suzhou Municipal Committee and Vice-mayor of Suzhou, attended the opening ceremony and delivered congratulations in his speech.

Saurer International Group, headquartered in Switzerland, is a global leader of textile machinery manufacturing and special transmission system solutions, with a history of 150 years of industrial development.

Saurer Textile System (Suzhou) Co., Ltd., established in SIP in 1997, is Saurer's first investment project in China. The booming business of Saurer Group led to further investment by setting up Saurer (Suzhou) Textile Machinery Co., Ltd., the largest manufacturing plant of Saurer globally. At the beginning of the year, the company name was changed into "Saurer (China) Technology Co., Ltd." with 30 million USD registered capital and actual investment amounting to 65 million USD.

Apr. 20, 2006

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