US manufacturer Gore plans further Shenzhen investment

Despite less foreign direct investment going into China, the US-based W. L. Gore & Associates Inc, a leading manufacturer of advanced technology products for the electronics, fabrics, industrial and medical markets, plans to increase its presence in China by investing more in its Shenzhen plant this year.

Gore, which entered China about 10 years ago, plans to invest about $20 million in a second fabric plant in Shenzhen this year.

The new project comes after Gore has already spent more than $70 million in Shenzhen in the past decade. It is expected to help the company increase its annual sales by 50 percent.