German tech firm to build center in Qingdao
The world’s leading specialist in rubber and plastics technology ContiTech AG plans to join with SinoGerman Ecopark to build a new rubber and plasticsR& DandProduction Center inQingdao, east China’s Shandong province. The ground breaking ceremony was held on Tuesday. With an investment of $75 million, the center is expected to be completed inNovember, 2018 and become the largest rubber and plastics manufacturer in the Asian-Pacific region. Qingdao-based SinoGerman Ecopark is the only strategic cooperation park in China supported by the Chinese and German governments.