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People's Daily Online>>China Business

GF Group expands in Chinese market

By Li Zhiguo (The Economic Daily)

16:43, November 17, 2011

Edited and Translated by People's Daily Online

Beijing, Nov.17 (People's Daily Online) --With the opening of two new factories, the Swiss GF Group is continuing its rapid expansion in the Chinese market.

The two factories, with total investments worth 173 million yuan, bring the group's total number of factories in China up to 14.

It is expected that the group's sales volume in China will exceed 500 Swiss francs in 2011. Because the demand for high-quality consumer goods is increasing rapidly, China has turned into a leading market for precise parts and components, GF Group President Yves Serra said.

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