Five investments in 3 years show German company's confidence in China

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Five investments in 3 years show German company's confidence in China

STORY: Five investments in 3 years show German company's confidence in China DATELINE: March 10, 2023 LENGTH: 00:01:50 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of factory 2. various of work office 3. various of Beijing 4. SOUNDBITE 1 (English): KARL HEINZ MEISTER, Vice president of the Bitzer Asia Pacific Area 5. SOUNDBITE 2 (English): KARL HEINZ MEISTER, Vice president of the Bitzer Asia Pacific Area STORYLINE: Despite the impact of the pandemic, German compressor technology company Bitzer has decided to invest another 300 million yuan (about 43 million U.S. dollars) in its Beijing factory this year. Part of the investment will be spent on a 4,800-square-meter building for the research and development (R&D) department, and the foundation-laying ceremony is scheduled in April. SOUNDBITE 1 (English): KARL HEINZ MEISTER, Vice president of Bitzer Asia Pacific Area "We want to have a new product only for China, developed in China. So that means we need an R&D department. And we initiated t

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