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Freudenberg Politex establishes Chinese subsidiary
23 Jan '08
2 min read
The Management Board of the Freudenberg Politex Group is pleased to announce the foundation of the Company Freudenberg Politex Ltd. in Shanghai, China.
Already active in China through a representative office since 2006, with the creation of the operative Company Freudenberg Politex strengthens its position in Asia, which is an area of strategic interest for the Group.
The Management of the Group sees in the Asian market a twofold opportunity of growth: first, the sales of polyester reinforcement in the local market replacing “poor” materials traditionally used, and secondly, attractive opportunities for cooperation with local manufacturers.
Following the successful completion of the Russian project, Freudenberg Politex is pleased to add China to its operations, confirming its intent to consolidate the global leadership of polyester nonwovens through growth and business diversity.
Freudenberg Politex, with headquarters and group management in Italy (Novedrate, Como), is world leader in the production and marketing of high tenacity staple and spunbonded polyester nonwovens, mainly sold as supports for bituminous roofing membranes, core business of the Group.
Two other important segments are represented by special products and polyester panels used for the construction industry and high loft nonwovens used as padding for furniture and garment applications.
Freudenberg Politex is one of the Business Groups belonging to the Freudenberg Group (Weinheim, Germany), diversified multinational enterprise with more than 30.000 employees in 54 countries and a global turnover of over 4 billions Euro.
Already active in China through a representative office since 2006, with the creation of the operative Company Freudenberg Politex strengthens its position in Asia, which is an area of strategic interest for the Group.
The Management of the Group sees in the Asian market a twofold opportunity of growth: first, the sales of polyester reinforcement in the local market replacing “poor” materials traditionally used, and secondly, attractive opportunities for cooperation with local manufacturers.
Following the successful completion of the Russian project, Freudenberg Politex is pleased to add China to its operations, confirming its intent to consolidate the global leadership of polyester nonwovens through growth and business diversity.
Freudenberg Politex, with headquarters and group management in Italy (Novedrate, Como), is world leader in the production and marketing of high tenacity staple and spunbonded polyester nonwovens, mainly sold as supports for bituminous roofing membranes, core business of the Group.
Two other important segments are represented by special products and polyester panels used for the construction industry and high loft nonwovens used as padding for furniture and garment applications.
Freudenberg Politex is one of the Business Groups belonging to the Freudenberg Group (Weinheim, Germany), diversified multinational enterprise with more than 30.000 employees in 54 countries and a global turnover of over 4 billions Euro.
Freudenberg Politex Ltd
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