Georg Fischer: Fast Expansion in China
Georg Fischer AG in Schaffhausen, Switzerland, has strengthened its position at the Chinese market: GF Piping Systems, a sub-group of the industrial enterprise, has started operation at its tenth production site in Beijing. The Georg Fischer company has invested CNY 58 million, i.e. roughly EUR 6.7 million.
The site produces complete pipe systems. China has meanwhile become the largest and most important market for GF Piping Systems. According to Pietro Lori, head of GF Piping Systems in Beijing, the company’s share in overall turnover reached 14 % in 2009, and will probably be significantly higher in 2010, because turnover has grown by 45 % in the first half year.
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