Jaquet Opens Production Facility in Taicang
The Swiss Jaquet Technology Group makes the next step in the China expansion with the opening of a new production plant in Taicang. The international company with headquarters in Basel offers a versatile range of solutions for the measurement of speed signal for various industries like automotive, railway, textile and industrial machinery as well as turbine, compressor and turbocharger applications. In Taicang, the Jaquet daughter company “Speed & Spin Sensors Co. Ltd” manufactures products exclusively designed for the Chinese market. “The new facility, located only 60 kilometres from Shanghai, comprises 1.500 square meters. 14 employees work here”, explains Suzy Weingarten, Jaquet Managing Director China.
Goal: Further Expansion
“With the commitment ‘optimum functionality at local market prices’, we started the serial production, design, sourcing and manufacturing of sensors mainly for Chinese textile machine manufacturers and gear box and railway applications”, states Weingarten. The goals are to expand from seven to 25 workstations within the next 12 months and to increase the China-turnover on a rate of 15 percent in 2010. “Especially the infrastructure sector with the huge investments into railway development offer big chances for Jaquet”, explains Nicolas Musy, whose company “CH-ina (Shanghai) Co. Ltd” supported Jaquet with personnel search and government relations during and after the China entry. CH-ina, a company with Swiss roots, looks back on 20 years of experience in the Chinese market. “Our expert team supports Swiss and other western companies in their China expansion”, states Musy.
First steps: HR search a crucial factor
Five years ago, Jaquet started the China operations with the set-up of a representative office in Shanghai. “Since then, the company managed to increase the turnover on a yearly rate of 20 percent – the China entry was a big success”, says Musy. One of the crucial success factors was the recruiting of key personnel, such as highly qualified engineers and sales experts with engineering background. Weingarten: “The hiring of local experts is indispensable. Their understanding of local conditions – both human and technical – helps to match the needs of the Chinese business partners in the speed & spin sensor industries.”
About Jaquet Technology Group: Jaquet was founded in 1889. Today, the Jaquet Technology Group is a global engineering and manufacturing company, specialized in providing speed sensors and complete system solutions in demanding ambient conditions. The main markets are automotive, power generation, railway, marine, mobile hydraulics and industrial machinery. Jaquet is headquartered in Basel, Switzerland and has subsidiaries in Belgium, China, Germany, the Netherlands, United Kingdom, the United States along with a worldwide distributor and end-user service network.
About CH-ina (Shanghai) Co. Ltd.: CH-ina offers fully-integrated company set ups, M&A and management support for enterprises in China. The strategic advisory and project management firm with Swiss roots looks back on 20 years of experience in the Chinese market. Recently, the CH-ina expert team managed the publications of the comprehensive China-entry guide “Behind the China Kaleidoscope” and its follow-up, “The China Human Resources Paradox”.