Dieffenbacher Becomes Majority Shareholder Of Shanghai Wood Based Panel Machinery

摘要

The Dieffenbacher group has concluded an agreement with the Kronospan group with regard to the takeover of the shares of Shanghai Wood Based Panel Machinery (SWPM). The SWPM is located close to the Volkswagen, Shanghai facilities. By becoming a majority shareholder at SWPM, Dieffenbacher is strengthening its position in the Chinese market and is underlining its strategy which aims at being present with sales-, engineering- and manufacturing organizations in the most important markets and to provide repair and spare parts after sales service as close as possible to its customer base. This acquisition is regarded to be an important asset for future challenges, especially in view of further increasing logistic costs.