Luo Songsong
songsongluo@126.com
TüV SüD, a leading global inspection, testing and certification provider, has expanded its Shenzhen testing center to facilitate the growing manufacturing industry in the Pearl Delta River region.
The German company has enlarged its center, located in Nanshan District, from 4,000 square meters to about 10,000 square meters.
As the second-largest market of TüV SüD outside Germany, China accounted for about 13 percent of the company’s total revenue of 2 billion euros (US$2.5 billion) last year, representing a year-on-year growth of 12 to 15 percent while the growth of its global business stands at about 6 percent.
“The export structure for Chinese products is gradually shifting towards an increasing proportion of high value-added and technically complicated products,” said Axel Stepken, chair of the board of management of the group.
For example, according to statistics released by the General Administration of Customs, during the first half of 2014, Chinese LED products exported to the European Union amounted to more than US$1 billion, an increase of 84.23 percent, and accounted for 25 percent of China’s overall exports.
“Fifteen years ago, our clients were mostly original equipment manufacturers (OEM). Due to the rising cost and motivated by more R&D professionals, an increasing number of Chinese companies are competing in the global market with self-owned brands,” said Ashley Chan, head of the Shenzhen branch of the German company.
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