Caixin
Jul 09, 2024 06:34 PM
BUSINESS

German Optics Giant Kicks Off Production at New China Facility

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What’s new: German optical systems giant Carl Zeiss AG on Monday put into operation a new 250 million yuan ($34.4 million) manufacturing facility in China, bucking a trend of European businesses moving investments out of the country amid concerns of an economic slowdown and rising tensions between Beijing and Washington.

Located in an industrial park in Suzhou, East China’s Jiangsu province, the facility is used for research and development as well as the production of microscopes, surgical microscopes, ophthalmic equipment and optical measuring instruments, with plans to add production lines for electron microscopes in the future, the company said.

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  • Carl Zeiss AG opened a new 250 million yuan ($34.4 million) manufacturing facility in Suzhou, China.
  • The facility focuses on R&D and production of microscopes and optical equipment, with plans to add electron microscopes.
  • Zeiss has shown its commitment to China, the company's largest market since 2021, with major sales growth to 13.5 billion yuan in the latest fiscal year.
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Who’s Who
Carl Zeiss AG
Carl Zeiss AG is a German optical systems giant that recently invested 250 million yuan ($34.4 million) in a new manufacturing facility in Suzhou, China. The facility focuses on R&D and producing microscopes, surgical microscopes, ophthalmic equipment, and optical measuring instruments. Zeiss has been in the Chinese market since 1957, with China being its largest market since 2021. The new facility underscores Zeiss’s long-term commitment to China.
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What Happened When
By 2021:
China has been Zeiss’s biggest single market.
October 2022:
Zeiss purchased land for the construction of the Suzhou facility.
Fiscal year ending Sept. 30, 2023:
Zeiss’s revenue generated from the Greater China region was around 13.5 billion yuan, up 22% year-on-year.
July 8, 2024:
Carl Zeiss AG put into operation a new 250 million yuan ($34.4 million) manufacturing facility in China.
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