A rendering of the new Netzsch (Shanghai) Machinery and Instruments plant in Jiading district. [Photo/jiading.gov.cn]
Netzsch (Shanghai) Machinery and Instruments, a subsidiary of German Netzsch Group, recently launched a renovation and expansion project to build a new plant in Jiading district, where Netzsch (Shanghai) is located.
According to the company, due to the continuous expansion of its business, the company's existing plant can no longer meet its development needs, so it plans to invest 20 million yuan ($2.91 million) in total to renovate and expand its plant from a floor area of 12,478.97 square meters to over 16,000 sq m.
The construction period of the project is one and a half years and the new plant is expected to be put into operation in early 2025. According to the company's business plan, it is expected that within two years after the project is completed and put into operation, its sales revenue is expected to be no less than 329 million yuan per year.
Under the coordination of relevant industrial departments, the project is progressing smoothly. Netzsch Group is very confident in the prospects of the Chinese market and will consider further investment in China in the future, according to the company.
Founded in 2000 with a registered capital of $7.1 million in Jiading's Anting town, the company is mainly engaged in the production of various mixing, dispersing and grinding equipment.