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German chemical firm Degussa expands China operations |
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Written by ANTARA News
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Aug 24, 2007 at 09:46 AM |
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Beijing (ANTARA News/Asia Pulse) - Degussa, a specialty chemicals supplier from Germany, is expanding its operations in China, planning to boost sales in the country to 800 million euros (US$1.1 billion) in 2009.
The Beijing-headquartered Degussa China Co., Ltd. has spent over 22 million euros to expand its research and development centre in Shanghai. The investment includes the construction of a pilot facility for polymer engineering in a four-story building with a space of 1,250 square metres. Degussa plans annual investment of about 100 million euros in China for the next few years.
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