KHS acquires majority share of Chinese filling/packing plant

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.