Graco Fluid Handling (Suzhou) Co., Ltd. Opens Business
Graco Fluid Handling (Suzhou) Co., Ltd., invested by American Graco Inc. as its first wholly owned subsidiary in China, announced official opening on Aug. 22 in SIP. A Grand ceremony was organized by Graco, the worldwide leader in fluid handling systems and components, for the new-born member of the Graco family.
Graco Inc. of USA was founded in 1926 in Miniapolis, Minnesota. Graco products are applied to move, measure, control, and dispense a wide range of fluids and viscous materials, used in vehicle lubrication, commercial and industrial settings. 2,000 employees of Graco are spread globally, and in 2005, Forbs listed Graco as the 10th-ranking best small enterprises (annual revenue under 1 billion USD) in USA with average investment return of 5 years.
Graco Fluid Handling (Suzhou) Co., Ltd. was incorporated in 2005, and its first phase of investment of 10 million USD concerns workshop construction in SIP Export and Processing Zone (B) that covers 22,000 square meters, and the plant was completed in May this year. Graco HQ is planning to expand the plant as business grows. At he commencement of business, the plant is mainly doing assembling and packaging.
Aug. 23, 2006