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MAXAM lays the cornerstone for its facilities in China
MAXAM lays the cornerstone for its facilities in China MAXAM lays the cornerstone for its facilities in China

2012.03.18


Sala de imprensa - News - MAXAM lays the cornerstone for its facilities in China

The project is a joint venture that involves two local partners and the support of the Chinese authorities at a state, regional and municipal level.
The company invests 70 M€ in a plant that will produce market-ready explosives and initiation systems for civil use: mining, quarrying and infrastructure construction from 2013.

Today MAXAM has held the foundation ceremony for what will become the company facilities in China. The company’s site in the town of Lao Qiuyu (Shandong Province) will be focused on the manufacturing and commercialization of civil explosives and initiation systems for the mining, quarrying and infrastructure construction sectors within the Chinese market.
 
With a production start-date of 2013 and an initial staff of 300 people, MAXAM’s project in Shandong Province comes with an investment of 70 M€ and counts with the support on a state, regional and municipal level, of the Chinese authorities. As a sign of this institutional goodwill, representatives of the Ministry of Industry and Information Technology of the Chinese Government were in attendance at today’s ceremony
 
MAXAM’s presence in China has been established through a joint venture –signed in October 2010– with two Chinese partners with whom the company has maintained a strong commercial relationship since 1998.
As expressed by José Fernando Sánchez-Junco, Chairman & CEO of MAXAM, “To enter China is a step forward in our strategy of geographic diversification, complemented by MAXAM's commitment to innovation and technological development, and our will to offer our customers the most comprehensive range of products and services with which to increase their value chain and increase the well-being of the societies in they are established, as well as the regions in which they operate.”
Speaking of MAXAM’s future strategy in the region, Sánchez-Junco went on to state that "China is the continuation of MAXAM’s consolidation project in Asia, where for years we already have a strong position in Uzbekistan, Kazakhstan and Mongolia”.



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