MULTIVAC signs an investment agreement in China
14 March 2019
In February MULTIVAC signed an investment agreement to establish a new production company in Taicang in China. The new production facility will enable MULTIVAC in future to react to the requirements of customers in China with even greater speed and focus. The production of packaging machines and their peripheral components is planned for the new site. In addition to manufacturing, the Taicang facility will also have development and design departments. Steven Shen, who has worked for MULTIVAC since 2012, most recently as Technical Manager for the MULTIVAC sales company in China, is taking over the management of the new company on 1 March 2019.
“China is a significant market for us. This makes the establishment of a local production facility a logical step for us and a further stage in expanding our global production and sales network. Our objective is to achieve shorter delivery times for our customers and to be able to respond even more rapidly to the needs of local customers,” explained Guido Spix, Director and Group COO/CTO.
Steven Shen, future CEO of the new production company, added: “We are very pleased, that the MULTIVAC Group has opted for China as the place to expand its production capacity. This means that we can support our customers even better. Employing highly qualified personnel, we will produce on this site a range of machines in various output categories and for different functions within the packaging procedure, all of them produced to the MULTIVAC quality standard.”