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Dieffenbacher becomes majority shareholder of Shanghai Wood Based Panel Machinery |
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Dieffenbacher
group has concluded an agreement with Kronospan group with regard to
the take over of the shares of Shanghai Wood Based Panel Machinery
(SWPM). The SWPM is located close to the Volkswagen, Shanghai
facilities.
By becoming a majority shareholder at SWPM,
Dieffenbacher is strengthening its position in the Chinese market and
is underlining its strategy which aims at being present with sales-,
engineering- and manufacturing organisations in the most important
markets of the world and to provide repair and spare parts after sales
service as close as possible to its customer base. This acquisition is
regarded to be an important asset for future challenges, especially in
view of further increasing logistic costs.
SWPM is the most
accepted local supplier in China for wood based panel production plants
and has during the recent years made good progress with consequent
expansion into international markets. Primarily as a supplier of
Multi-opening Press Lines, SWPM has gained significant market shares.
SWPM recently also has developed 4 ft wide continuous press which, by
becoming a shareholder, Dieffenbacher also can offer as a competitive
solution for this market segment.
The SWPM production program will remain and will be complemented by additional products from the Dieffenbacher program.
www.dieffenbacher.de
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