SFS will invest US$35 million (€30.7 million) in China over the next two years as part of its expansion plan and in order to consolidate some of its operations in China.
The new site will allow SFS Group to build a comprehensive precision component manufacturing and supply chain unit, including plating and surface treatment,
which is essential for the Group’s business activities in China.
SFS Group strategy focuses on close relationships with customers. The new site in Nantong (China) provides a sound platform for close customer contact;
enables SFS to serve its customers locally; and is the basis for further operational improvements in China. This investment underscores SFS Group’s
selective growth strategy for the Chinese market and its long-term commitment.
The new sales and manufacturing site will strengthen SFS’s competitive and synergistic position in China. It is being built at Suzhou Nantong Science
and Technology Park, Nantong, Jiangsu Province, China, and is about one hour drive from Shanghai. The total land area is about 90,000m2 and the
construction of the new site will take place in stages and is scheduled for completion in 2019.