MAUSER increases shareholding in IBC Joint Venture Fanshun MAUSER Shanghai Packaging Co., Ltd., China
MAUSER Group, a worldwide leading company in 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 memorable 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.
“We are extremely delighted about this new step which is the fruit of our successful relationship, started more than 10 years ago. This joint venture is based on trust and our common dedication to provide the best products and services to our customers,” says Mr. Zhenglin Shen, Chairman of Fanshun Packaging Group.
About MAUSER Group
MAUSER Group is a worldwide leading producer of industrial packaging with approx. 4,000 employees and consolidated revenue of over $ 1.6 billion. Founded in 1896 and headquartered in Bruehl near Cologne (Germany), the company has influenced the international market through innovative packaging technologies. The portfolio for customers in the chemical, agrochemical, petrochemical, and pharmaceutical sectors as well as in the food and beverage industries includes plastic packaging, fiber drums, steel drums, Intermediate Bulk Containers (IBC), and reconditioning services through the National Container Group (NCG), a MAUSER subsidiary. MAUSER therewith provides sustainability-oriented full cycle services – from production to recycling (“ECO-CYCLE®”). With more than 80 MAUSER/NCG sites and multiple joint ventures in Europe, the Americas and Asia plus two licensee networks for plastic and steel packaging, the company is a presence around the globe. www.mausergroup.com
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Birgit Woelker / Annette Spiegel
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