04 March 2008
04 March 2008
Saertex, the German manufacturer of technical textiles (non crimp fabrics), plans to invest 15 million Euros in 2008 to expand its global footprint.
On 01 February a new manufacturing facility was opened in the Portuguese city of Porto. The plant has an area of 2,400 sqm and will initially manufacture approximately 2,000 tonnes of technical reinforcements for clients on the Iberian peninsular. Saertex says that the new location means greatly improved customer service due to market proximity. Most of the clients of the new facility are in the wind energy industry, which is expanding significantly.
Saertex is also currently building a new facility in China, one of the world's fastest growing markets, to supply the wind energy and shipbuilding industries. The 4 million Euro plant in Dongying, approximately 400 kms south east of Peking, will begin production in mid-2008.
Further investment is planned - especially in the booming aviation and wind energy industries.
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