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KHS acquires majority share of Chinese filling/packing plant
24 August 2006
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German manufacturer KHS is buying a a 70-percent interest share in Chinese filling and packing-equipment manufacturer Guangdong Light Industrial Machinery Plant 2 (GLM2). The deal which is expected to be completed in a few months will strengthen KHS’ market presence in China. The facility has a sales volume of more than $38 million; and it’s list of customers include Tsingtao, C.R.B., Yanjing, Kingway, Harbin, Asian Pacific, San Miguel, Chonqing, Lion, Jingxing, Heineken, and Anheuser-Busch.
"For GLM2, the close partnership with KHS represents a milestone in the development of the company and opens up tremendous opportunities for both partners in Asian growth markets, particularly in China," explains Zheng Jiannong GLM2's managing owner.
"For GLM2, the close partnership with KHS represents a milestone in the development of the company and opens up tremendous opportunities for both partners in Asian growth markets, particularly in China," explains Zheng Jiannong GLM2's managing owner.
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