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Daetwyler to establish elastomer plant in China

February 25/2011

(Daetwyler) -- The Daetwyler Group further expands its global presence. The Rubber Division, operating as Daetwyler Rubber, in the first half of 2011 will be putting on stream its own facility in China for high precision sealing and vibration-control solutions for the Chinese automotive industry.

The newly constructed facility is located 150 kilometres north-west of Shanghai. Short distances to the main global customers, attractive energy and transport infrastructure as well as access to well qualified personnel are arguments in favour of this site. Capital expenditure requirements amount to approx. CHF 5 million; with the capacities built up through this investment annual sales of around CHF 10 million are envisaged.

Delivery of first prototypes is scheduled for the second quarter of 2011, the launch of industrial production for the second half of 2011.

The automotive industry continues to be the major growth driver of the Chinese economy.

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