Sauer-Danfoss to Invest Over $100M in China During the Next Four Years
Sauer-Danfoss Inc. (NYSE: SHS) announced plans to invest over $100 million during the next four years in factories, office facilities, and new products for China. The announcement was made today at the opening of the Company's new sales office in Shanghai.
The sales office is located in Shanghai's Caohejing High-Technology Development Zone and has capacity for 200 employees. This facility, along with expanding engineering facilities in Pudong, Shanghai, will serve as a strong technical center for the Company's business in China.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.