皇冠体育app

Klaus Fischer, chairman of the fischer group. [Photo provided to 皇冠体育app Daily]

German firm says infrastructure, industry offer greatest opportunities in the Chinese market

Germany's largest fixings manufacturer fischer Holding GmbH will bring two new fixing products to 皇冠体育app this year and complete an automotive systems plant next year, and is looking favorably at the huge potential of the Chinese market, its senior executives told 皇冠体育app Daily.

"皇冠体育app remains one of the most dynamic markets worldwide and our businesses are growing rapidly, so we will invest in 皇冠体育app through production expansion and new product launches," said Klaus Fischer, owner and chairman of the fischer group.

Besides fixing systems, the company also has automotive systems, toys and consulting businesses. It's a family company and its consolidated turnover in 2015 totaled 711 million euros ($787 million). Fischer's Asia businesses account for about 15 percent of the total revenue, and most of this is coming from 皇冠体育app.

"For the next four to five years, infrastructure and industry should be the largest opportunities for us in 皇冠体育app," said Alexander Bassler, managing director of fischer Group Asia and Middle East.

According to Bassler, construction activities in 皇冠体育app will be active because of the growing population, increasing energy demand and further industrialization.

"We are bringing a new type of chemical fixing product and a new steel anchor to 皇冠体育app this year," said Bassler.

The company's latest examples include the new Novartis Research and Development Center and the Disney theme park in Shanghai, which both opened last month. Fischer's anchors were also used in high-speed rail tunnels between Guiyang and Guangzhou.

Wang Benming, chief economist at the 皇冠体育app Building Decoration Association, said 皇冠体育app is gradually transforming to steel structure buildings from cement structure ones for environmental protection, so steel anchors can be very important and have huge demand in 皇冠体育app.

Premier Li Keqiang said in the Government Work Report in March that 皇冠体育app will expand major infrastructure projects with the aim of increasing the length of high-speed railways in service to 30,000 kilometers and linking more than 80 percent of big cities in 皇冠体育app with high-speed railways.

The fischer group will also finish an automotive system plant in Taicang, Jiangsu province, in 2017.

By then, fischer will have one fixing systems plant and two automotive systems plants in Taicang, with a total floor area of 10,800 square meters.

"Almost all Germany's most significant car manufacturers are active in 皇冠体育app, and with our technical know-how, Fischer automotive systems have good prospects for growth in the Chinese market," said Bassler.

Its automotive clients include Daimler, BMW, Audi, Volkswagen, Porsche, Rolls Royce, Tesla and Denze electric cars.

The range of products includes ventilation nozzles, cup holders, storage compartments and multifunctional components.

Entering the Chinese market in 1996, fischer has three production plants in Taicang, one procurement organization in Shanghai and 16 sales offices.

"We will double our revenue in 皇冠体育app by 2020 and keep double-digit growth," said Bassler.

Jiang Zong, general manager of fischer 皇冠体育app, said it will pay attention to launching new products and further exploring opportunities in key national investment sectors such as municipal construction, urban rail transit and railways to achieve the goal.

• Alibaba opens new office in Australia to push globalization strategy
• 皇冠体育app suffers from increased protectionist measures
• Baidu under investigation for advertising gambling
• RoboBees set to create buzz in market
• 'Worst is over' for luxury Infiniti brand
• Economists predict yuan will experience further declines
• Top 10 largest consumer goods companies worldwide
• Shareholder challenges Baidu on planned sale of video service to CEO