ETTEPLAN AND NEXTROM TO ESTABLISH AN ENGINEERING
DESIGN OFFICE IN CHINA
Etteplan Oyj and Shanghai Nextrom Machinery Manufacturing Co., Ltd.
have signed a Letter of Intent, according to which the companies will
establish a joint venture to Shanghai, China. According to the
agreement the ownership in the joint venture is divided between the
companies so that the Etteplan Group possesses 87,5 % and Shanghai
Nextrom Machinery Manufacturing Co., Ltd 12,5 %.
The agreement supports Etteplans internationalisation and follows
Etteplan's strategy according to which the company offers industrial
technology design services geographically close to its key customers.
According to the management, local design services will improve the
competitiveness of Etteplans customers in the Chinese market and
supports consequently also operations in Finland. The new company
will in the first hand produce mechanical, electrical and automation
design to the local units of Etteplans current customers at Shanghai
area. According to the plan made with the key customers the
operations will be started during August.
Shanghai Nextrom Machinery Manufacturing Co., Ltd is a daughter
company of Nextrom Holding SA, Morges, Switzerland. Nextrom is the
world's premier supplier of manufacturing solutions and services to
the Fiber Optic industry. The company is listed on the Swiss Stock
Exchange (SWX) in Zürich. For further information on the company,
please visit www.nextrom.com.
Etteplan Oyj is one of Finland's leading engineering design companies
and supplies high-quality design services for the production and
product development processes of industrial technology. The core
areas of expertise are mechanical engineering, electrical engineering
and automation design as well as software development and electronics
design and EMC-services. In 2003, turnover of Etteplan Group was
51 MEUR. At the moment the company employs approximately 1000 persons
in Finland, Sweden, Germany and Italy. Etteplan Oyj is listed on the
NM List of Helsinki Exchanges.
Hollola, 16 June, 2004
Board of Directors
For additional information, contact: CEO Heikki Hornborg, Etteplan
Oyj, tel. +358 3 872 9011, GSM +358 400 873 063, CEO Jouni Heinonen,
Nextrom Holding SA, tel. +41 79 2103401.
DISTRIBUTION: Helsinki Exchanges
Etteplan’s services cover engineering, technical documentation, embedded systems and IoT solutions. Our customers are the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products.
In 2016, Etteplan had turnover of EUR 183.9 million. The company has over 2,500 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.