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Hong Kongˇ¦s superb infrastructure, close ties to Mainland China and attractive work environment attract a global refractory manufacturer.
REFRATECHNIK Group, a German refractory manufacturer, announced today (9 November) the opening of its new regional headquarters in Hong Kong.
The new office is charged with the management and co-ordination of the company's manufacturing plants in Mainland China. The initial team consists of 20 employees and a further 10 employees will soon join their ranks.
Mr Alexander Tutsek, President of Refratechnik said,ˇ§We are sure that the foundation of our new Hong Kong company will be another successful step for the strategic development of Refratechnik. We are sure that our new headquarters will pave the way to further expansion in the region.ˇ¨
ˇ§Hong Kong was chosen as our regional base of operations because of its excellent infrastructure, strong links to Mainland China, stable government and the attractive working and living conditions for our team,ˇ¨ he added.
Associate Director-General of Investment Promotion, Mr Charles Ng welcomed the opening of the companyˇ¦s new office in Hong Kong.ˇ§I am delighted to see a global manufacturer, like Refratechnik, choose our city as its regional headquarters.ˇ¨
ˇ§Hong Kong has many attributes which make it such a good choice for a regional headquarters: located in the heart of Asia, our pro-business governance, low taxes and international lifestyle offer companies the right mix to succeed,ˇ¨ Mr Ng added.
REFRATECHNIK is a privately owned worldwide operating company. It was founded in 1950 as a producer of refractories for the cement industry. The REFRATECHNIK Group is the world market leader in refractories for cement, steel and non-ferrous industries. It is a holding company with production facilities in Germany, Spain, Canada and China, and sales and marketing subsidiaries worldwide. The REFRATECHNIK Group employs over 1200 people worldwide and has a turnover of approximately HK$ 3 billion.
Invest Hong Kong is the Hong Kong Special Administrative Region Government department charged with encouraging and facilitating inward investment into the city by providing the support needed to establish or expand a business presence here. For more information: www.investhk.gov.hk.
Ends/Friday, November 9, 2007
Issued at HKT 12:21
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