Mauser increases share of its China JV

PLASTICS NEWS REPORT

Published: April 2, 2014 12:24 pm ET
Updated: April 2, 2014 12:26 pm ET

Related to this story

Topics Mergers & Acquisitions, China, Packaging

Industrial packaging producer Mauser Group is increasing its share in its Shanghai joint venture from 32.5 percent to 50 percent.

Mauser Holding International GmbH and Shanghai Fanshun Co. Ltd., a leading rigid packaging producer in China, signed the agreement on March 23.

Under the agreement, the intermediate bulk containers (IBC) production assets of Mauser Packaging (Jiangsu) Co. Ltd. will be transferred to the 11-year-old JV, Fanshun Mauser Shanghai Packaging Co. Ltd.

Mauser Group CEO Hans-Peter Schaefer said the consolidation will help serve the Chinese market more effectively and is another step to expand the company’s presence in China.

Philippe Larretgère has been appointed the general manager of the JV and is relocating to Shanghai.

Mauser has consolidated sales of more than $1.6 billion and about 4,000 employees worldwide.


Comments

Mauser increases share of its China JV

PLASTICS NEWS REPORT

Published: April 2, 2014 12:24 pm ET
Updated: April 2, 2014 12:26 pm ET

Post Your Comments


Back to story


More stories

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Exo-s buys injection and blow molder in Mexico, expands footprint

September 19, 2014 2:15 pm ET

Custom molder Exo-s Inc. has bought an injection and blow molding operation in San Juan del Rio, Querétaro, Mexico.    More

Image

3-D printing specialist aims at better materials, faster equipment

September 19, 2014 2:07 pm ET

An exception in the crowded field of boutique vendors and agents at this year's AsiaMold show was Changsha-based Hunan Farsoon Hi-tech Co. Ltd.,...    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events