Schneider-Kreuznach sets up subsidiary in China, targets industrial applications

OCTOBER 29, 2008--The Schneider Group (Bad Kreuznach, Germany; www.schneiderkreuznach.com) is expanding its position in the Chinese market with a subsidiary in Shenzhen. Schneider Optical Technologies (Shenzhen) Co. is a wholly owned subsidiary of Schneider Asia Pacific in Hong Kong.

Oct 29th, 2008

OCTOBER 29, 2008--The Schneider Group (Bad Kreuznach, Germany; www.schneiderkreuznach.com), a manufacturer of high-precision lenses and servo hydraulics, is expanding its position in the Chinese market with a subsidiary in Shenzhen. Schneider Optical Technologies (Shenzhen) Co. is a wholly owned subsidiary of Schneider Asia Pacific in Hong Kong.

"China is on the way to becoming one of the most significant industrial locations in the world. By setting up a local presence we aim to capture a bigger chunk of this growth," says Dr. Josef Staub, CEO of the Schneider Group.

The Shenzhen subsidiary, says the company, will give it better access to local companies. Sales activities will initially focus on industrial lenses used by inspection machine makers for quality assurance equipment in manufacturing companies as well as high-performance servohydraulic products.

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