Hot off the Press


 

SHARE:  

Schuler Acquires Majority Stake in Chinese Press Builder

Wednesday, August 5, 2015
 
Schuler AG has acquired a majority stake in Chinese machine-tool manufacturer Yangzhou Metal Forming Machine Tool Co., Ltd. (Yadon). The transaction is subject to approval by the relevant anti-trust authorities.
“China is our fastest growing sales market and the world’s largest market for presses,“ says Stefan Klebert, Schuler CEO. “By acquiring a stake in Yadon, we will gain access to a large group of Chinese customers who we previously hadn’t served.
At its three facilities, Yadon produces mechanical presses for metalforming processes, such as C-frame, blanking and tie-rod presses.
“These will expand Schuler’s product portfolio in the medium- and lower-price segments,” adds Klebert.
Yadon’s clients include major Chinese companies in the automotive supply industry, as well as manufacturers of heat exchangers for air-conditioning units, suppliers of electric motors and the entire metalworking industry.

 


Reader Comments

There are no comments posted at this time.

 

Post a Comment

* Indicates field is required.

YOUR COMMENTS * (You may use html to format)

YOUR NAME *
EMAIL *
WEBSITE

 

 

Visit Our Sponsors