Schneider-Kreuznach Opens Subsidiary in Shenzhen, China to Meet Needs of Asian Markets

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Schneider Optical Technologies (Shenzhen) Co., Ltd. will support industrial optics and servo-hydraulic products.

China is on the way to becoming one of the most significant industrial locations in the world. By setting up a local presence, we intend to contribute in this growth

The Schneider Group, a leading manufacturer of high-precision lenses and servo hydraulics, is expanding its position in the Chinese market with a subsidiary in Shenzhen, a city with twelve million inhabitants in the south of China. Schneider Optical Technologies (Shenzhen) Co., Ltd. is a wholly owned subsidiary of Schneider Asia Pacific Ltd. in Hong Kong. "China is on the way to becoming one of the most significant industrial locations in the world. By setting up a local presence, we intend to contribute in this growth," said Dr. Josef Staub, CEO of the Schneider Group.

The Shenzhen subsidiary will give the Schneider Group better access to local companies. "Proximity is particularly important in China. Demand for our high-quality products will expand greatly over the next few years," predicts Dirk Muschert, Managing Director of Schneider Asia Pacific Ltd. Sales activities will initially focus on industrial lenses used by inspection machine makers for quality assurance equipment in manufacturing companies as well as high-performance servo-hydraulic products.

About Schneider Group:
The Schneider Group specialises in the development and production of high-quality lenses for industrial applications and precision mechanics as well as industry-leading photographic lenses and filters, and cinema projection lenses, The group consists of the Jos. Schneider Optische Werke (founded in 1913) and its affiliates Pentacon (Dresden, Germany), B+W Filterfabrik (ISCO) (Göttingen, Germany), Praktica (London, UK), Schneider Optics (New York, Los Angeles), Schneider Bando (Seoul) and Schneider Asia Pacific (Hong Kong). The main brand is "Schneider-Kreuznach". Schneider Group has 650 employees worldwide, with 345 at its German headquarters. The group is the long-time world market leader for high performance lenses.

Contact:
Jos. Schneider Optische Werke    
Wolfgang Berger     
Ringstraße 132    
55543 Bad Kreuznach
Germany    
Tel. +49 671-601-287    
Fax: +49 671-601-289    
bergerw @ schneiderkreuznach.com    
http://www.schneiderkreuznach.com    

fishermen communications GmbH
Dr. Heiko Reisch
Kaiserstraße 61    
60329 Frankfurt am Main
Germany
Tel. +49 69-210860-0
Fax. +49 69-210860-21
hreisch @ fishermen-com.de
http://www.fishermen-com.de

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ROBERT SCHAEFER
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