Why is the "old -fashioned" German enterprise in China who has increased its capital in China?

Since July, the production capacity of industrial gear boxes and wind power gear boxes has continued to climb in Flander Transmission System Co., Ltd. in Tianjin. At the same time, new plants with a total investment of more than 400 million yuan and a total area of ​​more than 16,000 square meters are stepping up construction. This is the ninth capital increase project of Frand Transmission System Co., Ltd. in Tianjin. It is planned to be delivered by the end of 2022 Essence

In the field of new energy and equipment manufacturing, Flander's customer Vestas, Siemens, and many supporting suppliers have formed industrial agglomerations around Frand. The improvement of the industrial chain has helped the value chain improvement. In the past three years, Frand Transmission System Co., Ltd. has expanded its business scope to transform from manufacturing enterprises to R & D and manufacturing enterprises. Right now, more than 30 engineers are developing a global industrial platform online with German colleagues.

As a German company with a history of hundreds of years, Frand Transmission entered the Chinese market in 1996, developing and producing various types of gearbox products, wind turbines and joints. Thanks to Tianjin's location advantage, industrial foundation and technical talent reserves, companies have increased capital and expand production 9 times, improved production, design calculations and testing capabilities, and gradually have more customers worldwide.

Flander's confidence in China's development reflects the consensus of many multinational companies that are optimistic about the Chinese economy. From January to June 2022, the actual amount of foreign investment in the country was 72.31 billion yuan, an increase of 17.4%year-on-year, equivalent to 112.35 billion US dollars, an increase of 21.8%.

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