Zhonghuan Hi-Tech focuses on the manufacture and sale of glass screens and sensors for touch screens, used for example in smartphones, tablets and laptops. The company's customers include Samsung, LG and Nokia.
Initially, the new Malmö office will concentrate on sales and marketing as well as supporting the company's European customer base. The company is also seeking collaboration opportunities with local software companies for further development of a complete touch screen solution. Up to five people will be employed initially. In the longer term, the company may also establish a development centre for software and hardware.
Zhonghuan Hi-Tech selected Malmö ahead of Germany and Gothenburg.
"The main reason for choosing Malmö as our European headquarters is the level of expertise in the ICT industry, the geographical proximity to existing and prospective customers in Europe, but also aspects such as low corporate tax rates, reasonable operating costs and the closeness to Copenhagen Airport and routes from there to China. These were all strong arguments in favour of our choice," states Peco Chu, who will be responsible for establishing the headquarters.
"We believe that Zhonghuan Hi-Tech has the potential to contribute to long-term growth dynamic in ICT in Skåne and we are pleased that they have chosen Malmö following detailed discussions with us," says Daniel Kipowski, Business Area Manager forICT at Invest in Skåne. "We are therefore delighted to be welcoming a new player to the European market."
Formed in 1959, the Tianjin Zhonghuan Electronics Information Group had a turnover of more than SEK 13.40 billion in 2011. The Group has 40,000 employees, offices in four countries and its main headquarters are in Tianjin. Malmö will be the first of the Group's offices to be located in Europe.
Daniel Kipowski, Business Area Manager for ICT, Invest in Skåne, tel. +46 768 87 14 63, or e-mail firstname.lastname@example.org
Invest in Skåne is the official regional promotion agency that facilitates inward investment to Sweden’s southernmost region Skåne. The company also promotes internationalisation of the regional industry by providing free professional advice and services to companies considering Skåne for future investment and/or expansion. Invest in Skåne also assist Swedish companies to find international partners.