Peter/Lacke: New plant in southern China
Peter/Lacke has signed the contract for a new production facility in Huizhou, South China.
Huizhou is located near Hong Kong, Shenzhen and Guangzhou and is an important transportation hub for the greater Guandong-Hong Kong-Macao region. With the new plant, the German company intends to be competitive on the Chinese market for electric vehicles.
Three investment approaches
According to the company, the search for the production site was an extensive process. In the first round, 75 chemical parks were examined and evaluated. According to Peter/Lacke, a shortlist of five parks was then drawn up, which were located in five cities and four provinces. Three investment approaches were considered: Brownfield, Greenfield and Build-to-Lease. In the end, the decision was made in favor of the build-to-lease model. In the final round, the decision was made in favor of the Huizhou site.
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