Mauser Expands in China
Mauser Group, a worldwide leading company in industrial packaging based in Bruehl, Germany, acquired the 50% shareholding of Time Technoplast in the IBC business of Fanshun Elan. The acquisition was effective July 1, 2015.
Fanshun Group and Time Technoplast (through its subsidiary GNXT Investment Holding Pte. Ltd. in Singapore) operated an IBC joint venture in Guangzhou (South China) named Guangzhou Fanshun Elan Plastech Co. Ltd. Operations and business of Fanshun Elan will be integrated into the existing Fanshun Mauser IBC joint venture, giving the successful venture between Mauser Group and Fanshun Group better access to the South China market and a broader customer base to supply its industry leading line of IBCs. The company will operate as Guangzhou Fanshun Mauser Co.
Fanshun Mauser is currently producing IBCs in two locations in China, Jinshan (Shanghai) and Jiangyin. The South China operations in Guangzhou will implement the Mauser SM design and quality standard as applied globally. The investment made by Mauser to acquire the Time Technoplast share in Fanshun Elan not only reaffirms Mauser’s commitment to the Chinese marketplace, but also to growing its operations globally.
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