Bruehl, Germany | July 03, 2015

MAUSER Group: Acquisition of shares in Fanshun Elan, Guangzhou, South China

MAUSER Group, a worldwide leading company in industrial packaging based in Bruehl, Germany, acquired the 50% shareholding of Time Technoplast in the IBC business of Fanshun Elan. The acquisition was effective July 1, 2015.

Fanshun Group and Time Technoplast (through its subsidiary GNXT Investment Holding Pte. Ltd. in Singapore) operated an IBC joint venture in Guangzhou (South China) named Guangzhou Fanshun Elan Plastech Co. Ltd. (“Fanshun Elan”). 

Operations and business of Fanshun Elan will be integrated into the existing Fanshun MAUSER IBC joint venture, giving the successful venture between MAUSER Group and Fanshun Group better access to the South China market and a broader customer base to supply its industry leading line of IBCs. The company will operate as Guangzhou Fanshun MAUSER Co. Ltd. (“Fanshun MAUSER”).

Fanshun MAUSER is currently producing IBCs in two locations in China, Jinshan (Shanghai) and Jiangyin. The South China operations in Guangzhou will implement the MAUSER SM design and quality standard as applied globally.

The investment made by MAUSER to acquire the Time Technoplast share in Fanshun Elan not only reaffirms MAUSER’s commitment to the Chinese marketplace, but also to growing its operations globally.

“We are very pleased with the addition of the South China business and its production facility,” remarked Philippe Larretgere, General Manager of Fanshun MAUSER. “We see tremendous growth opportunity for IBCs in China and the addition of the South China plant to our existing operations in Eastern China will enable us to serve customers more efficiently with our superior product range of IBCs.”

 

About MAUSER Group

MAUSER Group is a worldwide leading producer of industrial packaging with approximately 4,400 employees and consolidated revenue of over $1.3 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 provides sustainability-oriented full cycle services – from production to recycling (“ECO-CYCLE®”). With more than 90 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

About Fanshun Group

Fanshun Packaging Group is the largest Chinese PE drum manufacturer and 50% shareholder in the IBC joint venture with MAUSER. Founded in 1987, it provides packaging solutions for chemical, food, petrochemical and pharmaceutical industries. Targeting customers throughout China, Fanshun Group has established business relations with a large number of world-renowned enterprises.

About Time Technoplast

Time Technoplast Limited (Time Tech) is a multinational conglomerate with operations in Bahrain, Belgium, China, Egypt, Indonesia, India, Malaysia, Poland, Romania, Singapore, Sharjah, Taiwan, Thailand, Vietnam and a leading manufacturer of polymer products. The company's portfolio consists of technically driven innovative products catering to growing industry segments like industrial packaging solutions, lifestyle products, automotive components, healthcare products, infrastructure/construction related products, material handling solutions & composite cylinders.

Further Information:

MAUSER Group
Stefan Wiedenhöfer
SBU Manager Asia
Schildgesstr. 71-163
50321 Bruehl, Germany

stefan.wiedenhoefer@mausergroup.com
www.mausergroup.com

 

 

PSM&W Kommunikation GmbH
Annette Spiegel
PR Agency
Clemensstr. 10
60487 Frankfurt am Main, Germany

Tel.: +49 (0)69-970705-35
Fax: +49 (0)69-970705-55

mauser@psmw.de
www.psmw.de

 

 

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