Etteplan continues its expansion in China with the opening of a new office
Etteplan’s operations have expanded further in China as the company opens its seventh office in the country. The new office is located in the city of Wuhan, in Hubei Province, central China. Wuhan lies in the middle reaches of the Yangtze River’s intersection with the Han river. The expansion to central China is related to the growing demand for Etteplan’s services among Chinese customers.
Etteplan provides industrial equipment and machinery engineering services, embedded systems and IoT solutions (Internet of Things), and technical documentation solutions. The new office brings the number of Chinese cities that Etteplan operates in to seven: Beijing, Shanghai, Kunshan, Suzhou, Xi’an, Qingdao and Wuhan, their staff totaling more than 350 people. Etteplan has been operating in China since 2004.
Under the Chinese government’s latest five-year plan, one of the key goals for Chinese companies is deeper participation in the global market. Over the last few years, labor costs have increased substantially in China. At the same time, Chinese companies are changing their mode of operations and have started to procure expert services from external sources. This means that the service market has started to open up and demand for outsourcing and service models that buffer the cyclic nature of production has increased.
“China’s service market is clearly opening up, and demand for Etteplan’s services is growing. The development previously seen in Western countries can now be seen in China, meaning Chinese companies are starting to focus more and more on their core business and thus increasingly buying the expert services they need. There is huge potential in the market, providing substantial opportunities for an expert engineering service company like Etteplan,” stresses Juha Näkki, President and CEO of Etteplan Oyj.
Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Communications and Marketing, tel. +358 10 307 3302
Etteplan provides industrial equipment and plant engineering, embedded systems, IoT (Internet of Things), 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 2017, Etteplan had a turnover of approximately EUR 215 million. The company currently 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. www.etteplan.com
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