Ger­man tech firm to build cen­ter in Qing­dao

China Daily (USA) - - BUSINESS -

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.

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