CHINA: Zep Inc. has opened its wholly-owned foreign entity in the People’s Republic of China. The company, registered as Jie Pu Hui Tong Trading Co. Ltd., is importing and distributing Zep Inc.’s maintenance and cleaning chemicals from the US and Europe. It is focused on the industrial manufacturing sector and other commercial markets including automotive aftermarket, aviation and energy. Thus far, Zep China has developed an active distribution network covering more than 50 major metropolitan areas across China.
“With China having the second largest economy in the world and over 30% of its GDP coming from the manufacturing sector, we feel our broadly defined, high efficacy Industrial-MRO and Automotive portfolio is appropriately aligned with market opportunities undergoing strong organic growth,” said John K. Morgan, chairman, president and CEO of Zep Inc.
More info: www.zepinc.com