Shanghai, China – BYK has opened a 5 ha (12 acre) site here housing laboratories, distribution and administration departments.
BYK, said it generates one-third of its sales in China and invests 7-8% of its turnover in R&D each year. The size of the China market prompted it to invest EUR 38m in the new site. A total of 100 people will be employed when it is fully operational.
‘The new site will significantly enhance our presence in the Chinese market, and will enable us to focus on individual customers,’ said Martin Babilas, CEO of Altana. Altana is BYK’s parent company.
He said that BYK chose the Shanghai Chemical Industry Park because it offers a framework which will support innovation.