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Germany's Wilo Group signed an agreement with Changzhou high-tech zone officials to build a plant with a total investment of 100 million US dollars for R&D, manufacturing and distribution. The plant is expected to produce over 1 billion yuan in annual sales.
“The Wilo Group, one of the world's leading providers of pumps and pump systems, has signed an agreement to build a plant in the eastern Chinese city of Changzhou.”en.people.cn
Summarized from public sources; check the original articles before acting on it.