MDT operations in China set to be turbocharged

SHANGHAI - MAN Diesel & Turbo SE (MDT), a subsidiary of the Germany-based MAN Group, formally opened the second phase of its production plant in Changzhou, Jiangsu province, on Wednesday to support expansion in China.

The new development will see the production area double to 20,000 square meters, and MDT plans to increase employee numbers from the current 250 to 400 by the end of 2012.

The total investment for the second phase development will be around 45 million euros ($64 million). MDT's annual turnover in China will increase some 200 million yuan ($31 million) once the new facility is fully operational.