Global transformer insulating material giant Jiaxing put into operation

Invited by domestic power grid companies and other leading domestic power companies, the Weidmann Group, a global transformer insulation giant from Switzerland, expanded its business in China. In September last year, it invested 12.5 million US dollars in the Jiaxing Economic and Technological Development Zone to establish Weidmann Power Insulation Technology ( Jiaxing) Co., Ltd. On October 19 this year, the company was successfully completed and put into production. It is understood that the company is mainly engaged in the manufacture of high voltage and ultra-high voltage transformer insulation materials and molded parts. After the project is put into operation, it is estimated that it will produce 1050 tons of insulating materials annually and the annual production value will be nearly 100 million yuan.

It is expected to form a power transmission and distribution industry cluster. It is understood that the Weidmann Group of Switzerland has a global operation with a history of more than 130 years. Its products and services have become a model for the global transmission and distribution industry and are widely used in large-scale power projects in China. Become the designated product of the National Grid Corporation UHV project. At present, the company occupies more than 70% of the global transformer insulation material market, and its annual sales exceed 1 billion Swiss francs (about 6.5 billion yuan).

“Our production base in Jiaxing not only faces Chinese customers, but also serves as a service base for customers in the entire Asia-Pacific region.” Francisca Chudi, the global CEO of Weidmann Group who specially attended the opening ceremony, told reporters that production in Jiaxing The base has an important strategic position in the entire company's business in China and is equivalent to the “touchstone” of the development strategy in China. If it develops smoothly, the next step will be to transfer more business here. Therefore, the Jiaxing plant was put into production by the Group, and all members of the board of directors, global executive presidents, and members of the Global Management Committee were present.

It is understood that this is the second Weidmann Group plant in China. Unlike the Jiangsu Taizhou plant, the Jiaxing factory produces products that are used to produce higher-grade voltage insulation materials that are not only very environmentally friendly and energy-efficient, but also have high added value. "Therefore, we will transfer a lot of high technology to Jiaxing," said Francesca Chudi.

"I believe that after we settled in the development zone, we will attract more upstream and downstream supporting enterprises to invest in the development zone, so that we can gradually form a power transmission and distribution industry cluster here. We hope to make more contribution to the economy of Jiaxing," she said.

This may be the main reason why the development zone valued the company's entry. It is understood that the development zone will emphasize the “double-industry” of advanced manufacturing and modern service industries in the investment selection process, and will focus on the introduction of high-tech, new energy, new materials, and equipment manufacturing industries.

Four reasons to choose a development zone In the overall layout of China's business, why did the Weidmann Group choose Jiaxing Economic and Technological Development Zone as its strategic location? Francesca Chudi admitted that he was based on four reasons: the government environment, location conditions, the urban environment, and the talent base.

“We visited four or five places in China. When we came to Jiaxing, we experienced a professional introduction and service.” She said that the investment personnel in the development zone are enthusiastic and efficient, and they soon found a favorite for them. Plots. It took the company more than one year from laying the foundation to putting into production. It also made people feel the clean and efficient service of the development zone.

“This is located in the center of the Yangtze River Delta, very close to our customers, logistics conditions are also very good.” Francesca Chudi said that there are many potential technicians who can grow together with the company.

In the end, she said that she likes the city of Jiaxing. “This is not a big, crowded city. It is more like a Swiss city with mountains and rivers. The environment is very beautiful.”