EANS-News: Albert Reiff GmbH & Co. KG
Reiff Technical Products with the first
location in Shanghai/China
24.11.2011 – 11:02
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Global Expansion/Plant Openings Reutlingen (euro adhoc) - Reiff Technical Products with the first location in Shanghai/China Reutlingen, 24th of November 2011 The Reiff Technical Products in Shanghai, opened in the beginning of November is the first Reiff Group branch in Asia, which is managed as an independent business. Six members of staff, based in Shanghai are looking after their customers in China while further developing purchasing sources in Asia. The technical retailer looks predominantly after the capital goods industry, especially after mechanical engineering. The focus concentrates on rubber and plastics engineering. The product line includes among other things working parts, ball bearings, hoses, tubes and adhesives. The technical retailer has already had working relationships with businesses in China for many years. Reiff support their customers that are already operating in China by deciding to establish a subsidiary there. "The main objective for the first year is to support our German customers with production sites in China and to extend our purchasing sources" said Hubert Reiff, CEO of Reiff Technical Products. Shanghai was selected because 3500 of approx. 7000 German companies are located in and around Shanghai. Both the German as well as the Chinese market are served from Shanghai: The team of six optimises the procurement of products from Asia. The resulting advantages of this are directly passed onto the customers in Germany. Information about Reiff Technical Products in Shanghai The office in Shanghai, led by General Manager Yi Han, is staffed with a further five employees working in sales, logistics and administration/processing. The office of 200 m² and the 600 m² storage facility are based in one of Shanghai's newly opened industrial estates. The CEO of WFOE, Wholly Foreign Owned Enterprise is Yi Han, who has professional experience of working in many different German businesses. About Reiff Technical Products Reiff Technical Products are part of the Reutlinger Reiff Group. Reiff Technical Products, as a partner for initial equipment and source requirements, specialises in delivering and processing parts or even complete assemblies. Modern logistics and maximum product availability distinguish this business. Reiff Technical Products employ around 400 staff at 9 locations in Germany and one site in China. About the Reiff Group The Reiff Group is a corporation within the tyres, car service, technical retail and elastomer processing sectors. In 2011, the Group employed 1600 staff at more than 80 locations. Further inquiry note: REIFF-Gruppe Press Contact: Christina Guth Tübinger Straße 2-6 72762 Reutlingen Tel. +49 2151 - 36805-11 Fax +49 2151 - 36805-25 E-Mail: presse@reiff-gmbh.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: Albert Reiff GmbH & Co. KG Tübingerstr. 2-6 D-72762 Reutlingen phone: +49 7121 323 0 mail: anleihe@reiff-anleihe.de WWW: www.reiff-anleihe.de sector: Automotive Equipment ISIN: DE000A1H3F20 indexes: stockmarkets: free trade/Bondm: Stuttgart language: English