On October 31, under the witness by InvestCHN, Iprotex Automobile Part Project sign an investment agreement with Changxing National Level Economic & Technological Development Zone. Iprotex GmbH was established in 1999 based in Munchberg, it has been developed for more than 20 year. Currently, it has foactries in Tunisia and Turkey, have sales companies in France and Slovakia.

  Weixin Wang, Changxing County Standing Committee of China Standing Committee & National Development Party Committee Secretary, expressed that Iprotex GmbH chose Changxing to sets up factory, Changxing National Development Zone will provide Iprotex GmbH with the best software and hardware conditions to ensure the project can smooth landing and develop in Changxing National Development Zone.

  Timo Piwonski, Founder & President of Iprotex GmbH expressed that the new factory established in China is mainly produces prepared casing products. This project is informatised, high automation, it is 4.0 standardised factory typical German industry. Timo Piwonski believes that Changxing will be a new starting point for Iprotex GmbH and he is confident with Iprotex GmbH development in Changxing.

  Participants

  InvestCHN: Chase Wu, Founder

  Iprotex GmbH: Timo Piwonski, Founder & President of Iprotex GmbH; Xiangyu Diao, General Manager of Iprotex China

  Huzhou Standing Committee of China: Xiaohui Ma, Secretary

  Huzhou Municipal People's government: Genbao Shi, Vice Mayor

  Changxing County Standing Committee of China: Weibing Zhou, Secretary; Weixin Wang, Standing Committee & National Development Party Committee Secretary

  Changxing County People's government: Yiting Shi, Vice Secretary of County party committee & County Magistrate

  Changxing National Level Economic & Technological Development Area: Yu Zhang, Vice Secretary of the Party Committee & Management Committee Director; Shaohua Zhang, Vice Secretary of the Party Committee & Vice standing Management Committee Director; JiePing He, Party Committee & Vice Secretary of the Standing Committee

  Changxing County business bureau: Yiyuan Zhu, Director; Yongquan Qian, Secretary of the Party Committee

  Company Background

  Iprotex GmbH was established in 1999 based in Munchberg, Bayern with a total area of 17,700 square meters. The company develops, produces and sells textile protection products and in 2019, the company sales reached 80 million Euros. The company mainly producing various braided casings, which are widely used in automobile industries, rail, military engineering, Aeronautics & Astronautics. Furthermore, Ipertex GmbH also offers a variety of personalised products and customised solutions.