DISCOVER THE BEST RIESLING IN THE WORLD - AHKs

REGIONAL NEWS | Shanghai | Member Affairs
Coverage of ALD Automotive Extended to Qingdao
and Ningbo
Supplying company cars to the sales force to increase its mobility,
motivation and retention rate is becoming more and more popular.
Therefore, ALD Fortune Auto Leasing and Renting (Shanghai) Co. Ltd.
decided to open new branches in Qingdao and Ningbo to assist with
the development of its customers. It will allow ALD to support the
increasing needs in car fleet management and the leasing of vehicles
with a full range of service. Qingdao and Ningbo are the 10 th and 11 th
branches of ALD in China which have made this nationwide network
the competitive advantage of their company.
KMPG Welcomes New Colleagues to its Shanghai
Team
Mr. Peter Jehle (Audit
Senior Manager)
and Mr. Andre Wolts
(Audit Manager),
both German Certified
Public Auditors
(Wirtschaftspruefer),
transferred from the
Mr. Peter Jehle Mr. Andre Wolts
58 April - May 2012
KPMG Munich and
Duesseldorf office
to Shanghai. Mr. Jehle and Mr. Wolts are focusing on conducting and
coordinating audits on Chinese subsidiaries of multinational clients.
Beyond their audit work, they coordinate KPMG services across all
functions and serve as a contact for German clients in China. In
Germany, Mr. Jehle and Mr. Wolts served multinational clients as
auditors/advisors and have developed strong expertise in the audit of
statutory financial statements, group reporting packages and consolidated
financial statements in accordance with IFRS, US GAAP and
German GAAP. Mr. Jehle was involved in coordinating capital market
transactions and advisory services for several listed companies. His
focus in Germany is the technology and media sector. Mr. Wolts’ focus
is the metals & steel industry and the chemical industry.
Schaeffler Forms Strategic Relationship with SMTCL
Schaeffler Group and Shenyang Machine Tool (Group) Co. Ltd. (SMTCL)
signed a strategic cooperation agreement in Shenyang at the end of
2011. The two parties declared they would set up a strategic cooperation
relationship based on the principles of mutual benefit and common
development. According to the agreement, the Schaeffler Group
will provide SMTCL with a full range of products, technology services
and support in R&D, while SMTCL will provide Schaeffler with broader
market potential and priority in selecting Schaeffler’s products.
In the signing ceremony, Dr. Gou Jianhui, Managing Director and
President Industrial of Schaeffler Group Greater China, said that the
cooperation will lead to a win-win situation – the competitiveness of
SMTCL in the domestic and overseas markets will increase, while at
the same time, the presence of the Schaeffler Group in related markets
will also be strengthened.
FUCHS Brings on New COO
Ms. Cathy Wu was appointed as COO of
FUCHS CHINA on 21 st January 2012. Ms.
Wu is in charge of Production, Purchasing,
Logistics and Technical functions at FUCHS
CHINA. Ms. Wu’s responsibilities have kept
steadily increasing in the company since her
commencement with FUCHS CHINA in 1997.
With a loyal and dedicated 14-year working
experience in FUCHS CHINA, she is very familiar with the corporate
culture of FUCHS and has a total understanding of its business operations.
The FUCHS company has been in China since 1988 and has two
major plants supplying the Chinese market with premium grade motor
oils, metal working fluids, mining oils, rolling oils, hydraulic oils and a
wide range of other specialty lubricants and greases.
Bayer Plans Further Expansion in Asia
The Bayer Group aims to achieve a 60% increase in company sales
in Asia by 2015. This would mean annual sales of well over EUR
11bn by 2015. Of this figure, Greater China is planned to account
for some EUR 6bn. At the end of 2011, Bayer Material Science’s
new production facility for TDI was officially inaugurated - a raw
material for the production of flexible foams at the Bayer Integrated
Site Shanghai (BISS). The new TDI production facility with a planned
capacity of 250,000t per year at BISS is based on a new process
technology that reduces solvent use by some 80% compared with
plants of a similar size that use the conventional process. It also
lowers energy consumption by up to 60%. The use of this technology
also enables substantial savings on operating costs and a reduction of