Changzhou, China - FoamPartner Bock (Changzhou) Ltd, a $27.5 million Chinese foam plant set up by Swiss FoamPartner Bock, was officially launched 18 Nov in the Changzhou National Hi-Tech District.
Swiss FoamPartner Bock is a joint venture between the FoamPartner operation and Germany's Otto Bock Schaumstoffe GmbH, set up in Zurich, Switzerland in 2005, partly to develop the Asian and Chinese foam markets.
The partners expect their Chinese operation -- which will specialise in making polyurethane foam mainly for vehicle interiors and as acoustic sound insulation foam -- to achieve annual sales of $42 million. FoamPartner Bock's target is to "set up its Asian manufacturing and operation centre, with Changzhou as homebase," said an 18 Nov statement from the business.
Fan Yangqing, secretary of the Changzhou Municipal Committee of the Chinese communist party, attended the ceremony and met with Heinrich Lanz, president of the FoamPartner group and ceo of Swiss Conzzeta AG, which owns the FoamPartner grouping. William Frei, Consul General of Switzerland in Shanghai, Han Jiuyun, Dai Xiaowen and other municipal and district administrators also attended the ceremony.
FoamPartner Bock (Changzhou) Ltd said it has had good government and community support for the plant, which will use the same safety, environment protection and quality standards as in Europe. "A flourishing international community blends different cultures at work," the company commented, giving rise to a truly global environment in Changzhou.
Although the financial crisis over the past several months has a negative impact on the confidence of businesses, and led to a slowdown in investments, Swiss diplomat Frei commented that expects the Yangtze River Delta to maintain a healthy and steady growth and expressed confidence in Swiss FoamPartner Bock's success in the region.
FoamPartner group mainly manufactures polyurethane foam and natural latex, with eight companies in Switzerland, Germany, France and the US. Owner Conzzeta also has operations in metal plate processing, glass processing, auto controls and real estate, with an annual sales of $1284 million and a staff of 2900.
Otto Bock Schaumstoffe is part of Otto Bock, which has its business in the field of physical therapy products, plastics and information systems. The company is a sponsor of the 2008 Beijing Paralympics and the Chinese Paralympics team. The sales of the company in the year 2006 were $580 million and it has 3600 employees worldwide.