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Heraeus Acquires Stake in Chinese Manufacturer of Gold and Silver Chemicals

27 May 2005 - W. C. Heraeus, a subsidiary of the globally active precious metals and technology group Heraeus Holding GmbH, has acquired a 60 percent interest in Shenzhen Jinsheng Precious Metals Products Ltd. in China. Based in southern China, the company manufactures gold and silver chemicals that are needed for electroplating in the jewelry and electronics industry. In the future, the joint venture will operate under the name "Heraeus Jinsheng Shenzhen Materials Technology Ltd."
 
The Heraeus Group has nine production sites in China and employs more than 1,400 persons there. "Last year, Heraeus grew by 14 percent in China and we expect double digit growth rates for the current year as well," reports President and CEO of Heraeus, Dr. Helmut Eschwey, underscoring the significance of the Chinese market.