Danfoss to further tap green biz opportunities in China

Nanjing factory to sharpen Danish tech firm's edge in e-mobility and energy

Danish technology and engineering conglomerate Danfoss Group's high-end electronic components plant in Nanjing, Jiangsu province will commence production in the second half, after the opening of its global green refrigerants compressors laboratory in Tianjin last week, the company's top executive said.

With a total investment of 100 million euros ($108.8 million), the Nordborg, Denmark-headquartered group's new Nanjing factory will manufacture IGBT (insulated-gate bipolar transistor power) modules, which are power semiconductor die products. Danfoss said the move will strongly support its businesses in e-mobility, energy and industrial applications in China.

The growth opportunities come from many Chinese companies' moves to pursue sustainable growth, the government's foreign trade and consumption stimulus packages and the rapid pace of industrial upgrading, said Kim Fausing, president and CEO of Danfoss Group.