Beumer Taicang's 500th German firm

Beumer Group inaugurated its new facility in Taicang, Jiangsu province, saying it has strong confidence in the Chinese market.

Operated by Beumer Enterprise Management (Taicang) Co, a unit of intralogistics systems giant Beumer Group, the opening of the workshop makes the company the 500th German-funded enterprise in Taicang.

The facility, with an investment totaling 100 million euros ($117.23 million), serves as an advanced manufacturing and research center in China. The center is projected to achieve an annual output value exceeding 1.4 billion yuan ($198.8 million).