Gurit opens 18 mln sfr factory in Tianjin, China

Swiss chemicals and plastics group Gurit Holding AG said it has opened an 18 mln sfr factory in Tianjin, China, located near many of its customers.

The production site in China is expected to have a turnover of about 50 mln sfr, and will produce wind energy, marine and transportation products.

China plans to expand the installed capacity for wind energy generation from around 1,300 MW today to 30,000 MW by the year 2020.

The new plant will help meet a 'huge and growing demand' in China, said Gurit.