Kraiburg to Invest in Chinese Greenfield Site

Gummiwerk Kraiburg is continuing to develop its international market position. This is why the Austrian corporation will invest in a new rubber mixing facility in China which will be built without any local partners. From 2006 onwards the company will produce “rubber for non-tyre applications,” Thorsten Schmidt, vice president Gummiwerk Kraiburg Austria, explains. The greenfield project will cost about 6 million euros and the new company will be a 100 per cent Kraiburg subsidiary. Now that Kraiburg has acquired the necessary real estate in the Shanghai area, construction work is about to begin.