Nalco to cheap phone expand business in China
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Nalco to expand business in ChinaPublished: 04 May 2009 20:20:36 PST

Top 5 News From ChinaKnowledge.comHong Kong Disneyland expansion deal to be closed soonJPMorgan launches 4th China branch in GuangzhouPraxair establishes JV with SinopecChina Eastern to sell 2 A340s for RMB 590 mlnChina to inject US$38.4 bln in regional forex reserve pool May 5, 2009 (China Knowledge) - Nalco Holding Company, the world's largest maker of chemicals used in water treatment and for industrial processes, plans to double its sales in China within five years, the Shanghai Daily reported.

Erik Fyrwald, Nalco's Chairman, President and CEO, said the company expected to make China its second largest market in five years and eventually the largest market in the world. Last year, its China sales reached US$150 million, compared with its total sales of US$4.21 billion worldwide.

Meanwhile, the company will recruit 50-80 new employees in 2009 and plans to double the number of its staff in future from 500 at the end of 2008.

Last year, Nalco moved its Asia Pacific headquarters to Shanghai from Singapore, and set up an R&D center in Suzhou National New & Hi-Tech Industrial Development Zone.

Currently, Nalco has 3 subsidiary companies and 12 representative offices in China.



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