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Premo Group Conchita Supervia, 13 08028 Barcelona, Spain http://www.grupopremo.com
Contact Mr Rocio Arrupe +34 951 23 13 20
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Premo Group

Premo signs MOU for expanding R&D for sensors in China

A new plant will be open to enlarge production this year

(PresseBox) (Barcelona, )
Premo announces new 4,000 sqm plant with 500 sqm laboratory premises to be operating by Q4 2010 in Wuxi China. The company is growing over 30% and expects to grow at an annualized aggregated rate over 20% the next three years according to existing customers' contracts and forecasts. This will require further capacity to be available for growth especially for applications in Power Electronics for Renewable energies and Automotive.

The new premises will give Premo China the chance to increase R&D team 60% in two years as well as creating 200 more direct jobs and increase turnover in 112Million RMB dn ecpy 3 ohmgm.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.