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.