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30 May 2017 11:42AM

Gore to invest $50M. in China

22 May 08 ,  itmalive.com
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W. L. Gore & Associates is to invest $50 million on a new facility and begin renovation of recently leased space in Shenzhen, China, doubling its current presence.

The investment will see the construction of a new 21,700 sq.m. facility and begin renovation on 6,000 sq.m. of existing plant. The new site is located adjacent to an existing facility, currently leased for manufacturing of fabrics and electronic products. The project is part of Gore’s a long-term commitment to expand its R&D and manufacturing capabilities in Shenzhen. It will also accommodate the company's disk drive filtration operations.

Gore president and chief executive, Terri Kelly,comments: "This is a tremendous opportunity for Gore to grow our presence and talent in a region that represents one of the fastest growing and most important markets in the world.

This manufacturing hub will have an enormous impact on our ability to continue to deliver high quality products and superior service to customers worldwide."

The added high-tech R&D and manufacturing capabilities will support the growing variety of Gore business activities in the region. Gore's vision is to create a campus-like setting in which several different business units are located adjacent to one another. The project is scheduled for completion in 2010.