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Ecolab opens new plant near Shanghai
By Richard Fu |
August 14, 2012, Tuesday
|
Online Edition
Online Edition
ECOLAB Inc, a US manufacturer of cleaning chemicals, today launched a US$90 million production and distribution center in Taicang, near Shanghai.
It is the company's third-largest manufacturing facility with an output capacity of 150,000 tons a year.
Chairman and CEO Douglas Baker Jr. said he expects China to account for 6-7 percent of Ecolab's global sales in five years and 10 percent in 10 years from the current share of about 4 percent.
Ecolab's customers are mainly hotels and restaurants including Marriott and McDonald's.
Ecolab is optimistic about China's long-term growth and the company's diversified customer base could help deal with the overall economic slowdown, Baker said.
The new five-year plan (2011-2015) put forward by the Chinese government made clear that improving food quality and ensuring food safety will continue to be a major focus, and the new plant could help support that effort, he said.
Ecolab has invested US$150 million in China since 2008.
It is the company's third-largest manufacturing facility with an output capacity of 150,000 tons a year.
Chairman and CEO Douglas Baker Jr. said he expects China to account for 6-7 percent of Ecolab's global sales in five years and 10 percent in 10 years from the current share of about 4 percent.
Ecolab's customers are mainly hotels and restaurants including Marriott and McDonald's.
Ecolab is optimistic about China's long-term growth and the company's diversified customer base could help deal with the overall economic slowdown, Baker said.
The new five-year plan (2011-2015) put forward by the Chinese government made clear that improving food quality and ensuring food safety will continue to be a major focus, and the new plant could help support that effort, he said.
Ecolab has invested US$150 million in China since 2008.
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