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Peikko Group Global (English)

Peikko to have a new, larger factory in China

Peikko Group’s Chinese subsidiary Peikko Construction Accessories (Zhangjiagang) Co., Ltd moves its operations to new premises in Zhangjiagang, north of Shanghai, during Q4/2013. The new premises are located close to the current 3000 m2 premises and comprise 10.000 m2 for both production and office use.  Investments have been and will be made into new production lines and machinery. The current operations employ about 100 people, and the amount of employees will grow over time. The output of the factory is planned to be tripled in the coming 1-2 years. 

Peikko Group has an active growth strategy in the APAC region. The current operation in China was started in 2011. The unit manufactures various connection parts, lifting systems, and flooring products for Peikko’s units as well as serves as a sales platform for Peikko’s products in China and the Asia-Pacific region. 

“Peikko has a long-term commitment to create success in China and Asia Pacific. Efficient large-scale production is a key to attract customers in the very competitive market, and secure capacity for the markets” states Topi Paananen, CEO of Peikko Group Corporation.

 

Further information:
Topi Paananen, CEO, Peikko Group Corporation, Tel. + 358 50 384 3001,
email: topi.paananen@peikko.com 

Markus Korhonen, General Manager, Peikko China, Tel. +861 896 369 3097,
email: markus.korhonen@peikko.com 

Distribution:
Main media, Peikko websites 

Peikko Group in brief:
Peikko Group Corporation is a leading global supplier of concrete connections and composite structures. Peikko’s innovative solutions make the customers’ building process faster, easier and more reliable. Peikko has subsidiaries in 30 countries in Asia-Pacific, Europe, the Middle East, and North America, with manufacturing operations in 9 countries. Peikko’s net sales in 2012 amounted to EUR 113 million. Peikko is a family-owned and run company with over 900 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.