- has obtained all regulatory approval
- in terms of operation and management related machinery enterprises, Klaus murphy group will become China's chemical industry group co., LTD. The main body of enterprise
- China chemical group company's existing rubber machinery and related manufacturing enterprises to integrate with Klaus murphy group
Munich on April 29 China chemical industry group co., LTD. (" China chemical ") and the Onex fund to buy German Klaus murphy group to complete the delivery. The deal has obtained all regulatory approval. Related machinery enterprises in the future, in the operation and management, Klaus murphy group will become China's chemical industry group co., LTD. The main body of enterprise, with the strength of both sides, the company will further develop and participate in the competition of the international market.
China chemical industry group co., LTD., chairman of jian-xin ren said: "Klaus murphy group will give China's chemical industry advanced manufacturing sector into a strong 'German industrial 4.0' the 'spirit' genes and the traditional manufacturing, to more customers around the world, especially in emerging markets, to provide comprehensive solutions to complement our" short board ", I think this is the supply side of structural reform. Because, here has a huge market demand ".
"Will explore the greater China market to provide better channel for us, help us to speed up in Asia, especially in China's growth momentum. At the same time, also helps to strengthen our position in Germany and Europe", Klaus murphy group CEO frank stiller said. New business will also promote the increase of labor force outside China, especially in Germany, so for a change in the ownership, Klaus murphy employee representatives and local metallurgical industry trade unions (IG Metall) welcome.
China chemical industry, China's leading rubber machinery and chemical machinery manufacturing enterprises, service the world top ten tire enterprises, have a first-class chemical equipment r &d and production base in China, drying technology and equipment in the world advanced level. "With the aid of management and technical skills, we can continue to develop a number of business areas and strengthened, so as to participate in the competition of the international market, at the same time will also expand our existing product series, especially the tyre manufacturing machinery. In the next few weeks, the company will start the necessary procedures." Frank stiller added.
German ambassador to China KeMuXian (Michael Clauss) in an interview with the media, said the German government welcomes foreign investment, Chinese companies bought by a German company is in good working order, and the related feedback also expressed higher satisfaction.
In early January 2016, the Chinese chemical industry Canada announced the acquisition Onex funds have Klaus murphy group. China chemical new international and handler, capital of the United Nations for the deal.
China chemical group co., LTD. Is China's largest chemical companies, sales of around 42.3 billion euros in 2015, about 140000 employees, including 48000 overseas staff. China chemical industry actively carry out international strategy, has successively acquired France, Australia, Britain, Israel, Norway, Italy and other countries of eight industry leading enterprises, in 2015 completed for high-end tire maker Pirelli (Pirelli) acquisition. In the field of equity investment, China chemical industry group company focused on whether the target company has excellent management professional skills, quality and values, focusing on the global market together.
About China's chemical industry group co., LTD.
China's chemical industry is in the original chemical organized on the basis of subordinate enterprises of state-owned enterprises, was founded in 2004, headquartered in Beijing, in 150 countries and regions have a production, research and development base and marketing system, is China's largest chemical companies, the world top 500 ranked 265th, global chemical industry ranked ninth, major in material science, life science, advanced manufacturing and basic chemical fields. In the field of advanced manufacturing, chemical equipment company in China rubber and plastic machinery, chemical machinery business is active in the domestic market. Previously, China chemical industry successfully acquired French, British, Israel, Italy and other countries of eight industry leading enterprises.
More information please visit the website: www.chemchina.com
About Klaus murphy group
Klaus murphy belong to the world's leading plastic and rubber processing machinery and equipment manufacturers. Service scope covers from injection molding, extrusion and reaction technology of full set of technology, therefore, Klaus murphy, have unique characteristics in the industry. With good ability of innovation to ensure that customers complete the standardization of the value chain and personalized products, processes, and continuous value-added service solutions. By Klaus murphy, Klaus murphy bale the bridge and the resistance to chi brand services, especially for automotive, packaging, medical, construction industry sectors such as customers, as well as electrical and electronic products and home appliances manufacturers to provide services.
Klaus murphy has international machinery manufacture, the traditional production line in a row, global workforce of about 4500 people. With the aid of more than 30 subsidiaries and more than 10 production base, and around 570 sales and service partners, enables the group on a global scale is close to the local customers. Since 1838 the company headquarters has been based in Munich.
More information please visit the website: www.kraussmaffeigroup.com
About Onex
Onex corporation is the oldest and most successful private equity firms. Through its Onex partners and ONCAP private-equity funds, Onex with its excellent management team, according to the construction of the identity of the partners involved in acquisition and high quality enterprise. In the Onex Credit, Onex management and investment in leveraged loans, secured loan documents and other Credit securities. The amount of the company management is about $22 billion, including $6 billion in private equity and credit for its exclusive capital securities. Onex in Toronto, New York and London offices respectively, and through its two investment platform for capital investment, and each of its private equity is also the largest in the limited liability of shareholders.
Onex business assets worth $35 billion, about $24 billion annually, and has about 146000 employees worldwide. Listed on the Toronto stock exchange's stock code for OCX. More information about the Onex company, please visit the website: www.onex.com. In addition, the related documents of the company security also can visit the web site: www.sedar.com.
The news media contacts:
China chemical industry group co., LTD.
Mr Ren Kan
, director of the China chemical industry planning,
Telephone: + 86 138 1097 7565
Email: renkan@chemchina.com
Klaus murphy group
Imre Szerdahelyi
The head of corporate communications and marketing
Telephone: + 49 (0) 89 8899 2592
E-mail: imre.szerdahelyi@kraussmaffei.com
