Success spurs SW Germany’s push in Far East

SW Germany will also invest euros 100mil to upgrade its Chongqing plant in the coming three-to-five years, the parent company’s executives said. — China Daily

SHANGHAI: Germany-based machine tool manufacturer Schwaebische Werkzeugmaschinen GmbH, also known as SW Germany, says it will increase investment in China, including a further 5mil euros to be spent on the third phase of its factory in Suzhou, Jiangsu province, in the next three years.

SW Germany will also invest euros 100mil to upgrade its Chongqing plant in the coming three-to-five years, the parent company’s executives said.