Georg Fischer to Establish Iron Foundry in China
Georg Fischer AG has plans to build a new iron foundry at Kunshan, China, which will begin operation in 2009 and will manufacture & supply safety components to the local automotive industry. Georg Fischer has already a light-metal foundry and diecasting foundry unit in China.
Georg Fischer's entry into iron casting in China will provide the worldwide technological leadership to continue growing profitably in this fast expanding Chinese industry."
According to Gorge Fischer there is growing demand for automotive safety components (steering knuckles, wheel carriers, and transverse rods) made of ductile iron which is driven by stringent regulations on automobile exhausts and limits on fuel consumption. China's commercial vehicle industry is undergoing steady growth in demand for ductile iron cast components.
The new plant - which will operate as Georg Fischer Automotive (Kunshan) Co. Ltd. - will be built in the Kunshan Economic & Technical Development Zone, and is being design for "modular expansion." The location is about 30 km from Georg Fischer's light metal foundry in Suzhou.
According to the company initially the project is budgeted at an estimated $41 million to be spent over next three years. The company has sufficient orders to operate the foundry at high capacity in its initial phase itself.
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