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 Packaging, Mergers & Acquisitions, China

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

Italian compounder opening first US plant

October 30, 2014 9:45 am ET

The song of the South has led Italian compounder So.F.Ter Group to open its first plant in the United States in Lebanon, Tenn.    More

Image

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a...    More

Image

Protective packaging predicted to grow 6.1 percent annually

October 29, 2014 3:39 pm ET

Protective packaging looks to be a high-growth market in the coming years, according to a new study by Freedonia Group Inc.    More

Image

Shale development lagging in China

October 29, 2014 1:28 pm ET

Shale gas and its impact on China was the hot topic at the FlexPO conference, held Oct. 22-24 in Shanghai.    More

Image

Schütz investing $20 million for bulk container production in Missouri

October 29, 2014 11:18 am ET

German packaging company Schütz GmbH & Co. KGaA is expanding its presence in the United States through a $20 million project in Missouri slated to eve...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

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

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events