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On November 20th, the foundation stone laying ceremony of the new plant area of ​​Cooper Xi'an Fuse Co., Ltd. was held in Xi'an High-tech Zone, Shaanxi Province.
The new plant has a total investment of nearly US$20 million and a construction area of ​​approximately 11,000 square meters. The estimated date of completion is June 2009. After completion, it is estimated that the annual output value will increase by 20 million US dollars, with a growth rate of 10%. By 2010, the number of employed people will reach 1,000. Yue Huafeng, member of the Standing Committee of Xi'an Municipal Committee and director of the High-tech Zone Management Committee, attended the groundbreaking ceremony and delivered a speech. Cooper China President Liu Jinli, Cooper Bussmann Asia Vice President Ivo Jurek Cooper Xi'an Fuse Co., Ltd. General Manager Wen Minqi, Deputy Director of the High-tech Zone Management Committee Yang Renhua and relevant department heads attended the ceremony.
Yue Huafeng first expressed his congratulations to the high-tech zone management committee on the project to settle in the high-tech zone, and welcomed the arrival of Cooper China President Liu Jinli and his party. He said that in recent years, the economic development of the high-tech zone has made considerable progress, especially the rapid development of high-tech industries, which has injected new vitality into the development of the high-tech zone. We welcome more high-tech industry projects to choose high-tech zones and settle in high-tech zones. High-tech zones will go all out to pay attention to and support the development of enterprises in high-tech zones, and create a good development environment and service environment for enterprise development.
Liu Jinli, President of Cooper China, said in his speech that Xi'an is an old industrial city with strong industrial base and complete technical categories. As an important part of its development strategy, Cooper Xi'an fuse company will surely develop its future history in Cooper. Play an important role. He also stressed that despite the recent global economic downturn, he is full of confidence in the Xi'an market, and Cooper will continue to increase investment in Cooper Xi'an in the next few years.
It is reported that Cooper was founded in 1833 and listed in 1944. It was listed in the S&P 500 company and is now one of the oldest listed companies on the New York Stock Exchange. The company's total revenue in 2007 reached 6 billion US dollars, of which about 34% of the sales share from overseas markets outside the United States often began in 2001 with Cooper (China) Investment Co., Ltd., Cooper China from a staff of only 6 Representative offices with no factories and annual sales of less than $25 million quickly grew to a company with more than 8,000 employees, multiple wholly-owned and joint venture factories with annual sales of more than $200 million.
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