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Rietheim-Weilheim, Germany / Weihai, China, August 8, 2019 - Marquardt has set the course for further growth in Asia and officially opened its second Chinese plant today in the city of Weihai. The cost of the building and its equipment amounted to 45 million euros. Over the next two and a half years, the global family-owned company will hire up to 600 people at its new site in Shandong Province.
"Although the global economy has cooled significantly, and we therefore need to reduce costs and improve efficiency, we continue to make strategic investments, as reflected in our new Weihai plant,” said Dr. Harald Marquardt, CEO of the Marquardt Group. “Regardless of the current decline in sales figures, the Chinese market holds great long-term growth potential for us. As a mechatronics specialist, we have the right competencies and products for mobility of the future, regardless of whether we are talking about electrically-powered vehicles, hydrogen cars, or innovations in vehicle interiors."
Products for Future Mobility - Room for Further Expansion
The new plant is the most modern in the worldwide Marquardt production network. Spanning over 25,000 m², the facility encompasses the entire value chain, from plastic injection molding to electronics production and assembly. The company manufactures products for the automotive industry, including battery control units for electrically-powered vehicles, theft-proof driving authorization systems, steering wheel control panels, door handle sensors, and displays. Furthermore, Marquardt in Weihai has an additional 25,000 m² of space available for further expansion of the new plant.
Marquardt has been represented in China by a subsidiary in Shanghai since 1996, which today employs over 900 people in engineering, sales and program management, production, quality, logistics and administration. The company manufactures appliance and power tool switches, as well as automotive systems for the Asian market.Download Press release (22 MB, ZIP)