Austrian Mayr-Melnhof to further expand in China
Mar 10, 2005. Austrian listed cardboard maker Mayr-Melnhof (MM) plans to further expand in China as demand for consumer goods in the country has grown substantially faster than in Europe, MM CEO Wilhelm Hoermanseder said in a television interview.
Mar 10, 2005. /Lesprom Network/. Austrian listed cardboard maker Mayr-Melnhof (MM) plans to further expand in China as demand for consumer goods in the country has grown substantially faster than in Europe, MM CEO Wilhelm Hoermanseder said in a television interview.
MM plans acquisitions in China over the next years, Hoermanseder said, adding that China was a dynamic market.
MM sales in China currently account for some 5.0% to 6.0% of the company's overall sales, while the business in Europe generates some 70% of the total.