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Etteplan’s Advanced Technology enterprise status renewed in China

Press release – Published: 07.03.2019 15:00:00

Etteplan has received the Advanced Technology enterprise status for the operations of Etteplan in Kunshan, China for the second time. The status, given by Science and Technology Agency, Jiangsu Province is valid until the end of 2020.

The overall goal of the status is to support companies to improve in the areas of technology and innovation. The status is granted to manufacturing and service companies which have a successful track record in Knowledge Process Outsourcing (KPO). Knowledge Process Outsourcing refers to the process, where a client company outsource knowledge intensive operations such as design engineering to a partner, who can thereby grow the knowledge base and help the client organization become more competitive. The benefits of the status include a 10% discount in the company income tax, and the possibility to apply for government subsidies. Etteplan’s previous status was valid for the years 2015 – 2018.

The status was granted to Etteplan because it has successfully used its professional knowledge to create value to its customers. Other criteria for Etteplan receiving the status include the global nature of its business, healthy financial status, the right type and quality of its customer base, and the high educational level of its employees.

The Advanced Technology status was this time given to 96 companies in the Jiangsu Province.

Etteplan currently employs some 400 people in its eight offices in China: Beijing, Shanghai, Kunshan, Suzhou, Xi’an, Qingdao, Wuhan, and Shenzhen. Etteplan’s customer base consists of both local Chinese companies and Western companies operating in the country. Etteplan has been operating in China since 2004 and has continued to invest heavily in the Chinese market.

For more information, please contact:

Riku Riikonen
SVP, Engineering Solutions
Tel. +358 50 522 8255

Outi Torniainen

SVP, Marketing and Communications

Tel. +358 10 307 3302

Etteplan in brief

Etteplan provides solutions for industrial equipment and plant engineering, software and embedded solutions, and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products, services and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products. In 2018, Etteplan had a turnover of approximately EUR 236 million. The company currently has more than 3,000 professionals in Finland, Sweden, the Netherlands, Germany, Poland and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.