Etteplan receives Advanced Technology status in China

-  The status is given to companies that the local government regards as contributing the most to growing the knowledge base of Chinese companies.

Etteplan has received the Advanced Technology status for its operations in Kunshan, China. The status, given by Suzhou Municipal People’s Government, is valid from 2015 to 2018. The benefits of the status include a 15% company income tax instead of 25%, and the possibility to apply for government subsidies.

The overall goal of the status is to support companies to grow the knowledge base of Chinese companies. The status is granted to manufacturing and service companies which have a successful track record in Knowledge Process Outsourcing (KPO). Knowledge Process Outsourcing refers to the process, where a client company outsource knowledge intensive operations such as design engineering to a partner, who can thereby grow the knowledge base and help the client organization become more competitive.

Other criteria for Etteplan receiving the status include the proportion of offshore services in the offering, service quality, customer feedback and the high educational level of its engineers.

The Advanced Technology is given only to a handful of companies. Etteplan was one of the two companies to receive the Advanced Technology status in the region for the four-year-period starting in 2015.

For more information, please contact:

Riku Riikonen
SVP, Engineering Services
Etteplan
Tel. +358 50 522 8255

Outi-Maria Liedes
SVP, HR & Communications
Etteplan
Tel. +358 40 756 9620

Etteplan in brief

Etteplan provides engineering services and technical documentation solutions to 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 2014, Etteplan had turnover of EUR 131.9 million. The company currently has almost 1,900 professionals in Finland, Sweden, the Netherlands and China. Etteplan's shares are listed on NASDAQ OMX Helsinki Ltd under the ETT1V ticker.

www.etteplan.com

About Us

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 2017, Etteplan had turnover of approximately EUR 215 million. The company has over 3,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.

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