Datwyler is Accelerating Growth in the Chinese Healthcare Market

by swisschambei in Engineering / Manufacturing

By taking over the Chinese company Yantai Xinhui Packing, Datwyler will gain direct access to the rapidly growing healthcare market in China. In doing so, Datwyler will fill another important strategic gap in the healthcare solutions business area and have its own production plants in all currently relevant markets. Datwyler has signed a contract to acquire the Chinese company Yantai Xinhui Packing Co. Ltd. Closing of this contract is subject to the anticipated fulfilment of the customary closing conditions during the first quarter of 2022. The details of the contract are undisclosed. This strategically important acquisition will provide Datwyler direct access to the rapidly growing healthcare market in China. The family-owned company Yantai Xinhui Packing was founded in 2003. In 2017, the company invested in building a new production plant in Shandong province in northeastern China. Yantai Xinhui Packing has automated production facilities for elastomer components for the healthcare market, its own development department and its own compounding facility. With some 170 employees, the young and modern company has annual revenue of some CHF 15 million. The current management will remain in place, thus ensuring continuity in serving the Chinese healthcare market. When integrating Yantai Xinhui Packing, Datwyler can draw on its many years of experience with its own Chinese plants for the automotive and industrial markets with some 1’500 employees in China.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Switzerland Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
July 17, 2023
Published By s-ge.com in Business
July 16, 2023
Published By chinadaily.com.cn in Engineering / Manufacturing
July 13, 2023
Published By Consulate General of Switzerland in Guangzhou in Engineering / Manufacturing
July 3, 2023
Published By sbfi.admin.ch in Bilateral Relations