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German pump giant to build plant in east China city

(Xinhua)    17:11, December 16, 2020

NANJING, Dec. 16 (Xinhua) -- The Wilo Group, one of the world's leading providers of pumps and pump systems, has signed an agreement to build a plant in the eastern Chinese city of Changzhou.

Top executives of the German company signed the agreement with officials from Changzhou's high-tech zone at a ceremony held online on Tuesday.

With a total investment of 100 million U.S. dollars, the plant will incorporate multiple functions including R&D, manufacturing and distribution, said Lyman Tu, managing director of Wilo China Ltd.

The plant is expected to produce products with an annual sales volume of more than 1 billion yuan (about 153 million U.S. dollars), said Tu.

Changzhou, a manufacturing hub in the Yangtze River Delta region, has attracted over 200 German companies to set up plants in the city.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Meng Bin, Liang Jun)

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