German plasticization specialist Keimei Plastifizierung Technik GmbH has completed the acquisition of China's Yantai Huada Nano Materials Co. Ltd.
The China business has been officially renamed Keimei Plastifizierung Technik (Yantai) Co. Ltd. It will expand the production capacity of nano-grade masterbatch products and increase the number of varieties, hoping to better meet the demand of customers in Asia Pacific and Middle East and to provide more convenient and comprehensive services.
Keimei said it will select a new senior management team for the acquired assets in China, and take over the operation and management.
Based in Willich, Nordrhein-Westfalen, Keimei owns a large number of patents on plasticization technology and know-how, including for twin-screw extruders, triple-screw extruders and nano materials. Huada had been working with Keimei in recent years and had imported Keimei's machines and Eisvogel nano technology since 2012.
The company will be at Hall 14, Stand A15 at K2016 in Düsseldorf.
The two parties are highly complementary in the areas of business and technology development, Keimei said. The acquisition also presents an important global platform for Keimei to promote its products worldwide.
Keimei said it plans to implement advanced production lines to transform the former Huada plant to become one of the main production bases for Eisvogel nano materials. According to its website, the China operation currently houses more than 50 automated production lines of masterbatch materials in its 80,000-square-meter plant in Yantai, Shandong province, with a total annual capacity of 20,000 metric tons.
“The partial implement of the machine products of Keimei will complement the manufacturing output in [the] new company, reduce manufacturing costs, and provide more convenient technical services for machine products such as extruder, nonwoven and fiber spinning lab equipment, which are made in Germany,” Keimei added.