Krones acquires Chinese process technology company

Krones (Thailand) Co Ltd

Friday, 05 October, 2018

Krones acquires Chinese process technology company

Manufacturer of filling and packaging technology Krones has acquired its long-term Chinese partner and supplier Shanghai Xiantong Equipment Installation.

Operating under the name Krones Processing (Shanghai), the new company will deliver turnkey process technology solutions around the globe, especially for breweries.

Under the acquisition, Krones now owns a production site for brewing equipment and other process technology solutions in China. It expands the company’s global footprint and caters to growing local and international demand for customised process technology solutions.

The team of around 170 people covers the entire value chain from engineering to manufacturing to installation and commissioning.

The acquisition builds on Krones Taicang and Xiantong’s 20-year partnership which saw them produce process technology equipment for the local market. For example, Krones’ first MicroCube compact brewhouse was manufactured by Xiantong.

Company headquarters will continue to be in Fengxian District, in southern Shanghai, but there will be a leadership change. Xiantong’s former owner, Liang Kun, will act in an advisory capacity in the new company, and the previous head of corporate development at Krones Taicang, Cheng Feng, will take over as Managing Director.

Related News

Milmeq to be split between Wiley and Mercer

Privately held New Zealand engineering company Milmeq will be split and sold in the coming months.

Time's up for SPC at CCA

Thirteen years and $250 million later, Coca-Cola Amatil is selling off SPC after purchasing...

Food sector supports Australia's manufacturing future

The $131 billion food and beverage, grocery and fresh produce sector is important to the future...

  • All content Copyright © 2018 Westwick-Farrow Pty Ltd