Home > Business

Wuxi attractive to German investors

Updated : 2023-03-30
(en.wuxi.gov.cn)

微信图片_20230330093011.jpg

Siemens' facilities in Wuxi. [Photo provided to wuxi.gov.cn]

Three senior managers of German businesses visited Xinwu district, Wuxi in East China's Jiangsu province from March 28 to 29.

The visitors were Stephen May, chief executive officer of the Electrical and Automation Division of Siemens Smart Infrastructure, Ivan Donzelot, executive vice-president of the Life Science business of Merck KGaA, and Britta Giesen, chief executive officer of Pfeiffer Vacuum Technology AG.

微信图片_20230330093007.jpg

Ivan Donzelot, executive vice-president of the Life Science business of Merck KGaA, meets with Jiang Min, vice-mayor of Wuxi, on March 29. [Photo provided to wuxi.gov.cn]

Siemens is one of the largest foreign businesses in Xinwu district and one of the first to invest there. Siemens currently owns four factories, two branch companies, and one innovation center in Wuxi to produce medium- and low-voltage distribution equipment and medical devices.

微信图片_20230330093003.jpg

A signing ceremony for Pfeiffer Vacuum's Asia Pacific headquarters project is held on March 28 in Xinwu district. [Photo provided to wuxi.gov.cn]

In 2022, Merck Life Sciences decided to establish its Asia Pacific manufacturing base for disposable technological products in Xinwu district. During the visit, Merck Group announced an additional 100 million euros ($108.33 million) in investment to expand its manufacturing base in Wuxi, which will see improved capacity in biopharmaceutical disposable technology component production and customized service supply.

Pfeiffer Vacuum plans to invest $50 million to build its Asia Pacific headquarters in Xinwu district, including a Chinese manufacturing base for global orders and a distribution and settlement center and bonded maintenance center, which are expected to generate 2 billion yuan ($290.06 million) in annual sales revenue.

8.03K
Videos
 
640 - 副本.jpg

Feast on stretches of flowers in Wuxi

dangkou 2.jpg

Wuxi ancient towns win provincial recognition for nighttime economy

640 (2).jpg

You've got a date with Yangjian town

640.png

Where to enjoy scenic views in Wuxi

News
Sports
Videos
Photos
Business
Biz Updates
Industries
Development Zones
Companies
Travel
Attractions
Dining
Accommodation
Shopping
Entertainment
Transportation
Maps
Culture
Culture News
Heritage
Museums
Events
Services
Visa
Marriage
Healthcare
Jobs
Education
Useful Info
Government
Mayor
Departments
Districts
Policies
About
Overview
Statistics
Sister Cities
E-books
Copyright © China Daily. All rights reserved.
The Information Office of Wuxi Municipal People's Government.
Presented by China Daily.