Ecolab Extends Its Presence in China with a US$30 Million Investment
Sep 12, 2009 (Close-Up Media via COMTEX) --
Company: Ecolab Inc. (ECL)
Ecolab Inc. announced that it signed a Memorandum of Understanding with the Chinese government regarding Ecolab expanding its presence in China by establishing a China Holding Company / Regional Headquarters in Shanghai, P.R. China.
In a release, the Company noted that it has committed to making incremental investments of US$30,000,000 in China, with additional investment to follow as the business expands.
"The expansion reflects Ecolab's strong commitment to helping make our customers, industries and communities in China cleaner, safer, and healthier," said Phillip J. Mason, President, Ecolab International Sector. "We have served the Chinese market since 1987, and this expansion is a significant milestone for our China operations. It will better position us to help our customers' meet world-class cleaning, sanitization, food safety and infection prevention needs, and help accelerate Ecolab's growth in the fast-growing China market. The new investments will include additional manufacturing, research & development projects and technology platform upgrades. Overall, the investments will increase Ecolab's superior product and service offering and better serve the Chinese market, enabling us help enhance the living quality, save lives and deliver more sustainable solutions."
Ecolab Inc. is a global company engaged in cleaning, sanitizing, food safety and infection prevention products and services.
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Company: Ecolab Inc. (ECL)
Related terms: china, expansion, food, government, health, infection, investment, manufacturing, market, president, products, research, shanghai, technology
