CHINA – Krones, the world’s leading manufacturer of filling and packaging technology, has acquired the business operations and assets of Shanghai Xiantong Equipment Installation effective 1 September 2018.
According to the company, the Chinese company has been a partner and supplier to Krones in the field of process technology for many years.
The acquisition of Xiantong’s operations will support Krones’ efforts to best meet growing local and international demand for customised process technology solutions.
The company, which will operate under the name Krones Processing (Shanghai) Co. Ltd., will deliver turnkey process technology solutions, especially for breweries, around the globe.
The company will remain headquartered in Fengxian District, in southern Shanghai.
Krones Taicang has partnered successfully with Xiantong on the production, installation, and commissioning of process technology equipment for the past 20 years in order to best serve the local market.
The acquisition represents another important step within Krones’ strategy of expanding its global footprint.
Krones now owns a production site for brewing equipment and other process technology solutions in China.
The team of around 170 people covers the entire value chain from engineering to manufacturing to installation and commissioning.
Krones also recently built a new plant in Eastern Europe.
Following detailed analyses, Debrecen in Hungary emerged as a suitable location for a production facility, which is scheduled to begin operation in early 2019 with 500 new jobs planned.
