Heraeus opens new plant in Nanjing

Heraeus Precious Metals Technology (China) Co Ltd, a subsidiary of the Germany-based, family-owned international technology giant, opened its $120-million ultramodern precious metals plant at Nanjing, Jiangsu province, on Wednesday.

Billed as the world's most advanced precious metals factory, it is spread over 84,000 square meters at the Nanjing Jiangbei New Material Science and Technology Park, one of the top three chemical parks in China, 300 km northwest of Shanghai.

Precious metals are used in key industries in China, generating 1 trillion yuan ($144.5 billion) and providing 3.5 million jobs.