Georg Fischer expands presence in China

Georg Fischer AG in Schaffhausen, Switzerland, has strengthened its position in the Chinese market: GF Piping Systems, a sub-group of the industrial enterprise, has star ted operat ion at its tenth production site in Beijing. Georg Fischer has invested CNY 5 8 million, i.e. roughly EUR 6.7 million. The site produces complete pipe systems. China has meanwhile become the largest and most important market for GF Piping Systems. According to Pietro Lori , head of GF Piping Systems in Beijing, the company's share in overall turnover reached 14% in 2009, and will probably be significantly higher in 2010, because turnover has grown by 45% in the first half year. www.georgfischer.comFootwear