Peikko Group’s Chinese subsidiary Peikko Construction Accessories (Zhangjiagang) Co., Ltd moves its operations to new premises in Zhangjiagang, north of Shanghai, during Q4/2013. The new premises are located close to the current 3000 m2 premises and comprise 10.000 m2 for both production and office use. Investments have been and will be made into new production lines and machinery. The current operations employ about 100 people, and the amount of employees will grow over time. The output of the factory is planned to be tripled in the coming 1-2 years.
Peikko Group has an active growth strategy in the APAC region. The current operation in China was started in 2011. The unit manufactures various connection parts, lifting systems, and flooring products for Peikko’s units as well as serves as a sales platform for Peikko’s products in China and the Asia-Pacific region.
“Peikko has a long-term commitment to create success in China and Asia Pacific. Efficient large-scale production is a key to attract customers in the very competitive market, and secure capacity for the markets” states Topi Paananen, CEO of Peikko Group Corporation.
