Mauser Reinforces Presence in China
Mauser Group, Brühl, Germany, manufacturer of industrial packaging, is increasing its shareholding in its Shanghai based IBC joint venture Fanshun Mauser Shanghai Packaging Co., Ltd. Mauser Holding International GmbH and Shanghai Fanshun Company, Ltd., a leading rigid packaging producer in China, agreed to increase the Mauser stake in their mutual joint venture for IBCs, Fanshun Mauser Shanghai Packaging Co., Ltd., from 32.5 % to 50 %. The agreement has been signed on March 23rd, 2014, in Shanghai during a signing ceremony in the presence of key customers.
As part of the agreement, the IBC production assets of Mauser Packaging (Jiangsu) Co. Ltd. will be transferred to the joint venture. Fanshun Mauser Shanghai Packaging Co., Ltd. will continue to supply the growing Chinese market for high quality IBCs from both locations, Shanghai and JiangYin. Philippe Larretgère has been appointed the general manager of the joint venture and is relocating to Shanghai.
"Consolidating our Chinese IBC activities in the already 2003 established joint venture will allow us to serve the Chinese market more effectively and is another step to expand our presence in China. The renewed joint venture is built on the long-standing friendship with our Chinese partner and will be the platform to further expand IBC related services," says Mauser Group CEO Hans-Peter Schaefer.
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