Germany's DEG commits to invest $8.1m in Otto Fuchs's China subsidiary

Germany's DEG commits to invest $8.1m in Otto Fuchs's China subsidiary

Photo: REUTERS/Beawiharta

DEG, the development finance institution under German state-owned KfW, has committed to invest EUR 8 million ($8.1 million) in Otto Fuchs to support the capacity expansion of the company’s subsidiary in China, according to a disclosure.