SHANGHAI, China (Sept. 7, 2011)—Polyurethane equipment specialist Hennecke GmbH has opened a facility in Shanghai.
Andrew Chan, general manager of the operation, Hennecke Machinery (Shanghai) Ltd., said the company's $2.8-million investment in the plant was only the first step.
Growth is so high in the Asia Pacific region that Hennecke's owners, investment group Adcuram, would like to see a further expansion, to allow the company to further exploit the 10 percent and above growth the PU sector is seeing in the region.
The plant has labs and offices and will employ 50 to start with space for an additional 20 personnel, which Hennecke will start to recruit soon.
The site will form the German-based company's competence center for both molded foam for automotive seating and for refrigeration, another high-growth sector in China and Asia-Pacific.