Peikko Entered Into a Significant Agreement With Zhangjiagang Economic & Technology Development Zone in China

Peikko Group Corporation has signed a significant agreement with Zhangjiagang Economic & Technology Development Zone, ZETDZ, to further strengthen its long-term business commitment in China. Michal Horak, Vice President, Peikko APAC and Mr. Gu Weibin, Deputy Director of ZETDZ signed the agreement on the 27th of March 2020 accompanied by other...

Peikko Group Corporation has signed a significant agreement with Zhangjiagang Economic & Technology Development Zone, ZETDZ, to further strengthen its long-term business commitment in China. Michal Horak, Vice President, Peikko APAC and Mr. Gu Weibin, Deputy Director of ZETDZ signed the agreement on the 27th of March 2020 accompanied by other officials from ZETDZ and members of Peikko China’s Management Team. Due to the COVID-19 situation, the signing ceremony was shared online and Topi Paananen, CEO of Peikko Group attended the event remotely from Finland.

The first concrete action of the agreement is the expansion Peikko’s factory area by 5,000 m2, making it to cover 15,000m2 in total. Peikko will increase its capacity for DELTABEAM® composite beams and precast connections due to growing demand from the Asia Pacific markets and China itself. Most of the Peikko China’s output is delivered already to this area, and Peikko expects double-digit growth in the years to come.

Secondly, Peikko will systematically invest in research and development in China. One example of this development was Peikko China’s recent introduction of bolted connections technology into Chinese market. The new way to construct is drawing increasing attention and interest, especially after the first ever precast project was delivered in 2019 and the first industry standards defining design with bolted connections became valid from the beginning of 2020. Peikko’s new agreement shows its strong confidence in this giant economy and market. Precast market will continue to be on the fast-growing curve driven by the ambitious goal of the nation to move construction industry towards a greener and more eco-friendly solutions.

“We are more than happy to facilitate Peikko from government perspective to grow efficiently. We believe Peikko’s technology will help us to realize country’s vision on building industrialization,“ says Gu Weibin, Deputy Director of ZETDZ.

“Even if we are currently having this extremely challenging time with COVID-19, Peikko keeps going forward. We see the potential and dynamism of the market, which is why we want to strengthen our business operations in the APAC area, and especially in China. The signed agreement provides us with the more efficient production premises and improved opportunities for new investments. In China, the authorities have done successful work to limit the spreading of COVID-19, and Peikko is very pleased with the proactive support provided by ZETDZ”, comments Michal Horak, Vice President, Peikko APAC.

Further information:

Topi Paananen, CEO, Peikko Group Corporation
Mobile +358 50 384 3001, email topi.paananen@peikko.com

Michal Horak, Vice President, Peikko APAC
Mobile +86 1860 6287 923, email michal.horak@peikko.com

Peikko Group in brief: Peikko Group Corporation is a leading global supplier of slim floor structures, wind energy applications and connection technology for precast and cast-in-situ construction. Peikko’s innovative solutions offer a faster, safer, and more efficient way to design and build. Peikko has sales offices in over 30 countries in Asia-Pacific, Europe, Africa, the Middle East, and North America, with manufacturing operations in eleven countries. Peikko generated a turnover of EUR 231 million in 2019. Peikko is a family-owned and managed company that employs over 1,800 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information www.peikko.com.

About Peikko China
Peikko entered China in 2011, with establishment of its manufacturing site and head office for Asia Pacific in Zhangjiagang Economic Development Zone in Jiangsu Province. The production site in China is now providing products and solutions to many different countries and regions, including China, Southeast Asia, South Korea, middle east, Europe, United States and Russia. Since entering China, Peikko has been engaged in leveraging the technologies and expertise from Europe, and tailor-make them to China market with local research and innovation. Peikko is committed to play an active role in the upgrading and green revolution of building industry in China. Further information www.peikko.cn.

Source: www.peikko.com