Tesa does not plan to transfer production from Germany (Tesa investiert in China und Hamburg)
Tesa, the German adhesives manufacturer belonging to consumer goods group Beiersdorf, is reported last year to have
seen turnover up by 0.4 per cent at 696m euros, while ebit is reported to have risen by one-third to 35m euros.
Discounting alterations in exchange rates, it is estimated that a turnover increase of almost 6 per cent would be shown.
Management attributes the growth in defiance of the economic climate to successful innovation and a global sales
network.
Over the past 10 years, the proportion of turnover contributed by products not older than five years is reported to
have risen from 9.5 per cent to 42 per cent. The company has founded a Russian subsidiary, and is planning a production
site with an initial 170 employees in Shanghai, China. It will invest a total of 20m euros over the coming two years in
the site, which has been so designed as to allow it to double capacity with ease. The company is also planning to invest
10m euros in restructuring and increasing capacity at its Hamburg site, and has stressed that the site in China will not
entail a production transfer out of Germany.
Abstracted from Frankfurter Allgemeine Zeitung
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