President of Refratechnik Alexander Tutsek (left) and InvestHK's Charles Ng, toast the opening of Refratechnik

Hong Kong’s superb infrastructure, close ties to the Chinese mainland and attractive work environment attract a global refractory manufacturer.

REFRATECHNIK Group, a German refractory manufacturer, set up its new regional headquarters in Hong Kong in November 2007.

The new office is charged with the management and co-ordination of the company's manufacturing plants in the mainland. The initial team consists of 20 employees and a further 10 employees will soon join the office.

Alexander Tutsek, President of Refratechnik said: “We are sure that the foundation of our new Hong Kong company will be another successful step for the strategic development of Refratechnik. We are sure that our new headquarters will pave the way to further expansion in the region.”

“Hong Kong was chosen as our regional base of operations because of its excellent infrastructure, strong links to the Chinese mainland, stable government and the attractive working and living conditions for our team,” he added.

Associate Director-General of Investment Promotion, Charles Ng, said the city’s pro-business governance, low taxes and international lifestyle offer companies the right mix to succeed.

REFRATECHNIK is a privately owned worldwide operating company. It was founded in 1950 as a producer of refractories for the cement industry. The REFRATECHNIK Group is the world market leader in refractories for cement, steel and non-ferrous industries. It is a holding company with production facilities in Germany, Spain, Canada and China, and sales and marketing subsidiaries worldwide. The REFRATECHNIK Group employs over 1200 people worldwide and has a turnover of approximately HK$ 3billion (US$385 million). Source: InvestHK