TOKYO — Japan Steel Works Ltd. has purchased 80 percent of the shares of South Korean compounding extruder maker SM Platek Co. Ltd., and made SMP a consolidated subsidiary of the Tokyo-based JSW on May 8.
The move beefs up JSW in smaller compounding extruders. Terms were not disclosed.
SMP, based in Ansan, South Korea, has produced more than 1,000 twin-screw extruders since it was founded in 1986. It has a major market share in Korea, according to JSW. SMP also exports extruders to 23 countries around the world, including Japan, Southeast Asia, India, Russia and China.
After the transaction, JSW will supply its TEK series of twin-screw extruders as a global standard model to general compounding companies. SMP mainly will concentrate on extruders with screw diameters of less than 100 millimeters.
JSW will supply its TEX series of twin-screw extruders for high-functional, value-added and special applications such as engineering resins, reactions, dewatering and degassing.