Austrian machinery maker to expand investment in China

STORY: Austrian machinery maker to expand investment in China DATELINE: March 16, 2023 LENGTH: 0:02:33 LOCATION: GUANGZHOU, China CATEGORY: ECONOMY SHOTLIST: 1. various of Andritz (China) Ltd. 2. SOUNDBITE (English): THOMAS SCHMITZ, President of Andritz (China) Ltd. STORYLINE: An Austrian machinery manufacturer in China's Foshan has spoken highly of the business environment in the city, saying the company will further expand its investment in China. Andritz set up its Chinese branch in Foshan in Guangdong Province in 2002. For more than 20 years, the company has built 5 factories in the city. SOUNDBITE (English): THOMAS SCHMITZ, President of Andritz (China) Ltd. "Foshan supported us a lot in opening our workshops. And since that time we were running very well. So I said, 'Okay, so maybe there's a way we can give something back to the city.' We had some kind of expansions in the pipeline. We believe in China, we believe in Foshan, so we are investing. Actually, here I think we got from Foshan government