Chinese dream of a European converter

On Jan 8th, 2014, Rako’s new factory, located in the Qianjiang Economic Development Area of Hangzhou – 150 km from Shanghai – was officially completed and came into service. It is the twelth global plant of the German-headquartered Group. The new presses were installed alongside an existing Gallus RCS 330 on the 4,500 sqm production floor.

Rako started its investment in Hangzhou in Oct 2008, where sister company Novatron was already involved in RFID production.

In the five years it has operated in China, Rako Hangzhou Corporation has developed very quickly, especially in the last two years, when its average annual growth rate exceeded 80 percent. As a result, the original facility became a restriction on future development.

‘Rako is speeding up its globalization strategy, especially investment in the emerging economies,’ said managing director of Rako Hangzhou Dr Gabriel A...