Coperion Group plans to sell a Chinese-assembled compounding extruder internationally - including in the United States - now that it has purchased a majority stake in Nanjing Keya Industries.
Coperion, based in Stuttgart, Germany, announced the news about the STS extruder at the Chinaplas 2004 trade show.
Nanjing Keya has been renamed Coperion Keya. The company claims to hold more than 50 percent of the Chinese market for standard and midsize extrusion equipment, and to have sold more than 2,300 machines.
To meet demand for the global machine, dubbed STS for standard twin screw, Coperion Keya will open a new factory in Nanjing in mid-2005. Coperion also will expand its year-old operation in Shanghai, China.
Coperion will use its global sales and service network to market the STS. Coperion and Keya jointly developed the machine. Final assembly will take place in China, but the firm is sourcing some key components from other countries. For example, the gearbox comes from Germany, said Eberhard Dieterich, business unit manager at Coperion Corp., the U.S. arm in Ramsey, N.J.
Dieterich said Coperion officials in New Jersey are talking to U.S. customers to get feedback, before Coperion officially launches the STS in the United States.
The company will have an STS compounding extruder at the upcoming K show in Dusseldorf, Germany.