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Bullish on Chinese sales
By Richard Fu |
November 3, 2010, Wednesday
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Print Edition
Print Edition
GERMAN manufacturer Freudenberg expects China sales to rise about 50 percent this year on strong demand and a low base in 2009, said Hanno D. Wentzler, its regional representative in China.
The company's China sales totaled 2.24 billion yuan (US$335 million) last year, or 5.6 percent of the group's total. Wentzler told Shanghai Daily he expected the percentage of China sales will double within five years.
The company inaugurated a plant last week in Yantai, Shandong Province, to supply chassis components and air springs for commercial vehicles.
The company's China sales totaled 2.24 billion yuan (US$335 million) last year, or 5.6 percent of the group's total. Wentzler told Shanghai Daily he expected the percentage of China sales will double within five years.
The company inaugurated a plant last week in Yantai, Shandong Province, to supply chassis components and air springs for commercial vehicles.
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