German-based auto parts and fixings manufacturer, Fischer Group, is to continue its expansion in China by building a new auto parts manufacturing base in Taicang, Jiangsu province, by the end of 2017.

The new factory is an important part of Fischer's expansion in China, with the company already running one fixing systems and two automotive factories in Taicang, covering 10,800 square meters.

Klaus Fischer, CEO and owner of the group, said that they attach great importance to the company's Chinese development. He also expressed the group's goal to further build more production bases for new products.

In 2015, Fischer's sales revenue in China reached €711 million ($803.07 million), accounting for the majority of its sales in the Asian market.The company's expansion plans include contracts to supply parts for municipal construction, express buses and high-speed trains.

Fischer's fixing systems, which include chemical and metal anchor bolts, have been used in many important construction programs across China, such as the Shanghai International Medical Zone and the newly-opened Shanghai Disneyland. The company's automotive systems have been used by top automakers, including BMW, Audi, Porsche and Tesla.