CHINA-TAIZHOU-GERMAN BRAND IN CHINA-90TH ANNIVERSARY (CN)

CHINA-TAIZHOU-GERMAN BRAND IN CHINA-90TH ANNIVERSARY (CN)

(230519) -- TAIZHOU, May 19, 2023 (Xinhua) -- Managers from Germany and China exchange views on management at the TopCut-Bullmer Co., Ltd in Linhai, east China's Zhejiang Province, May 18, 2023. Bullmer, a German company founded in 1933, celebrated its 90th founding anniversary in Linhai on Thursday. Bullmer is a leading automatic cutting system supplier in the world, which almost went bankrupt in the financial crisis in 2008. In 2009, New Jack Sewing Machine Co., Ltd., a Chinese private sewing machine supplier based in eastern China's Zhejiang Province, took over the company and also built a production base in China. The two companies take advantages of their brands, technologies and production channels, and also make innovations in China. Since the takeover, the annual sales of Bullmer has risen to about 600 million yuan (about 85 million U.S. dollars) from 40 million yuan (about 5.67 million U.S. dollars), becoming a successful acquisition of overseas company by a Chinese company. (Xinhua/Weng Xinyang)

  • Product Code
  • ILEA001314623
  • Registered date
  • 2023/5/19 00:00:00
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  • Xinhua / Kyodo News Images
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  • Xinhua News Agency.All Rights Reserved
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