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Schuler Press Aquires Majority Stake In Chinese Press Manufacture

Schuler to acquire majority stake in Chinese press manufacturer €œChina is our fastest-growing sales market and the world’s largest market for presses,” said Schuler CEO Stefan Klebert. €œBy acquiring a stake in Yadon, we will gain access to a large group of Chinese customers who we previously hadn’t served.€ At its facilities, Yadon produces mechanical presses for metal forming processes. Its clients include major Chinese companies in the automotive supply industry, as well as manufacturers of heat exchangers for air-conditioning units and suppliers of electric motors.

Göppingen, Germany-based press manufacturer Schuler AG has signed an agreement to acquire a majority stake of at least 51 percent in Chinese machine tool manufacturer Yangzhou Metal Forming Machine Tool…

Interesting little tidbit of info…..