CHANGZHOU, China, Nov. 27, 2017 /PRNewswire/Korea IT Times -- Mettler Toledo (Changzhou) Measurement Technology started production at its new US$34.42 million facility, the first phase of a new plant, on November 16, 2017. The firm is the third manufacturing subsidiary that Switzerland-based Mettler Toledo (Holdings) Group has established at Changzhou National Hi-Tech District (CND), following the establishment of two similar subsidiaries engaged in the production of industrial scales and systems as well as precision instruments. In 2015, Mettler Toledo increased its investment in the district when the Swiss company built a manufacturing facility for commercial scales.
Mettler Toledo's subsidiaries established at CND plan to continue rolling out and leveraging world-class weighing technologies as part of its overall strategy to develop a wide range of products tailored for both the international and the Chinese domestic markets, including electronic truck scales, platform scales, rail scales, crane scales, counting scales, bulk scales, among other advanced mechanical and electrical integration products for which there is identifiable market demand. The company owns over 200 patents, including more than 40 invention patents. The three facilities in the district now serve as Mettler Toledo Group's global R&D, manufacturing and procurement center.
Owing to its advantageous geographical location, complete support facilities and ideal investment environment, CND now has over 1,000 foreign-invested firms that have located a facility within the district, including US-based aluminum producer Novelis and specialty chemicals maker Ashland, Canadian automotive supplier Magna International, French steel tube manufacturer Vallourec, Swiss piping, automotive and machining solution provider Georg Fischer, Dutch paints and coatings producer AkzoNobel and German specialty chemicals maker Lanxess. The foreign-invested projects located in the district encompass key industry chains including new materials, healthcare, photovoltaics, smart equipment and general aviation. In addition, CND has also built special zones dedicated to single industries, creating much needed industry clusters, with the aptly named Sensor Valley, specialized in all manner of sensors, often cited as one of their most successful.
