Heraeus China HQ to lift tech and people funding
Print Edition
HERAEUS, Germany’s top privately owned precious metals group, yesterday said its newly opened China headquarters in Shanghai seeks to boost investment in new technology and human resources.
The new headquarters aims to “increase investment in new technology, facilities and people” as well as “to create job opportunities,” said Richard Zhang, Heraeus China president.
The regional center, which opened yesterday, will also provide services to nearly 20 Heraeus companies in the Chinese mainland, Hong Kong and Taiwan.
Jan Rinnert, chairman of the board of management at Heraeus Holding GmbH, said the new Shanghai headquarters will focus on environmental protection and health care for Chinese customers as it taps its expertise in manufacturing water sterilizers and artificial human body parts.
The company said the new Shanghai headquarters, with a registered capital of US$30 million, signifies the importance of the Chinese market for the company. In 2011, the group set up Heraeus Metals Shanghai Ltd to provide metal trading and management services to China-based Heraeus companies and external customers.
Last year, Heraeus generated product revenue of 3.6 billion euros (US$4.6 billion), with Asian markets contributing 51 percent.
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