DISTEC GmbH Intend to Locate New Production Facility
in Shanghai, China
Shanghai, February 11, 2006
DISTEC is the first European outdoor advertising products company to announce the opening of a production facility on Chinese mainland.
DISTEC GmbH announced today that its Board of Directors has
approved funding for the establishment of a new production facility
to be located in the People's Republic of China. Several possible
locations for the facility were discussed and considered throughout
2005, in January 2006 first visit to Shanghai. The CEO along with the
remaining Board members of DISTEC GmbH decided that Shanghai
will be the best city for new production facility of new incorporation
of DISTEC GmbH as DISTEC Shanghai.
With this news, DISTEC GmbH will become the first European
manufacturer and supplier of scrolling and out-of-home media
products for China's market as a further step into global expansion
of DISTEC corporation.
Commenting on today's announcement, DISTEC's CEO, Mr. Michael
Schöning, stated: "DISTEC is fully committed to the outdoor
advertising industry in China and to growing with our customers in this
important region of the world market. The Chinese government has
included the outdoor advertising industry in its future plan, this estimating
planning will create new opportunities and continued steady growth."
Michael Kaczmarek, DISTEC's Director, continued by saying:
"DISTEC sees continued opportunities in China's future.
The country's emerging market trends align well with our company's
growth opportunities as a market leader in outdoor scrolling signs,
street furniture, digital display technology and all other remaining
out-of-home media products."
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