BEIJING, Aug. 19 (Xinhua) -- Degussa, a specialty
chemicals supplier from Germany, is expanding its operations in China, planning
to boost sales in the country to 800 million euros in 2009.
The Beijing-headquartered Degussa China Co., Ltd. has
spent over 22 million euros to expand its research and development center in
Shanghai. The investment included the construction of a pilot facility for
polymer engineering in a four-story building with a space of 1,250 square
meters.
In fiscal year 2006, 4,000 employees generated sales
of 460 million euros in China, up 60 percent from 288 million euros in 2005.
Degussa has also planned an annual investment of
about 100 million euros in China for the coming few years.
Since the early 1990s, Degussa has been producing
specialty chemical products in China. The group has more than 20 companies in
China, with 13 production sites including Changchun, Dalian, Jining, Qingdao and
Shanghai.