Ecolab Expands Presence in China Announces US$30 Million Investment

Ecolab Inc. announced today that it signed a Memorandum of Understanding with the Chinese government regarding Ecolab expanding its presence in China by establishing a China Holding Company / Regional Headquarters in Shanghai, P.R. China. Ecolab committed to making incremental investments of US$30,000,000 in China, with additional investment to follow as the business expands.

“The expansion reflects Ecolab’s strong commitment to helping make our customers, industries and communities in China cleaner, safer, and healthier,” said Phillip J. Mason, President, Ecolab International Sector. “We have served the Chinese market since 1987, and this expansion is a significant milestone for our China operations. It will better position us to help our customers’ meet world-class cleaning, sanitization, food safety and infection prevention needs, and help accelerate Ecolab’s growth in the fast-growing China market. The new investments will include additional manufacturing, research & development projects and technology platform upgrades. Overall, the investments will increase Ecolab’s superior product and service offering and better serve the Chinese market, enabling us help enhance the living quality, save lives and deliver more sustainable solutions.”

With sales of $6 billion and more than 26,000 associates, Ecolab Inc. (NYSE: ECL), a Fortune 500 company, is the global leader in cleaning, sanitizing, food safety and infection prevention products and services. Ecolab delivers comprehensive programs and services to foodservice, food and beverage processing, healthcare, and hospitality markets in more than 160 countries. More news and information is available at www.ecolab.com.

Ecolab (NYSE:ECL)
Historical Stock Chart
From Oct 2024 to Nov 2024