checkAd

    DGAP-News  1080  0 Kommentare SCHULER AG: Schuler acquires majority stake in Chinese press manufacturer Yadon - Seite 2


    and the entire metalworking industry.

    The company is targeting growth in China and other markets with new presses
    for the mid-range segment. Schuler will support the development of these
    presses by providing its extensive technological know-how.

    Schuler is represented in China since 1992 and has around 400 employees at
    several sites in China - including facilities in Shanghai, Tianjin and
    Dalian.



    Captions



    Picture: 2015_06_23_schuler_signing_yadon_01
    /
    German machine tool maker Schuler acquires majority stake in Chinese
    press manufacturer Yadon.
    Photo (from left to right): Stefan Klebert, CEO Schuler AG, Yunhu Pan,
    Chairman of the Board, Yangzhou Metal Forming Machine Tool Co., Ltd.
    (Yadon), Dr. Wolfgang Leitner, CEO ANDRITZ AG and Chairman of the
    Supervisory Board Schuler AG, Hongbin Dong, General Manager Yadon, Oemer
    Akyazici, Managing Director Schuler China
    Picture: 2015_06_23_schuler_signing_yadon_02
    /
    German Press manufacturer Schuler has signed an agreement to purchase a
    majority stake of at least 51 percent in Yadon.
    Photo (from left to right): Stefan Klebert, CEO Schuler AG, Yunhu Pan,
    Chairman of the Board, Yangzhou Metal Forming Machine Tool Co., Ltd.
    (Yadon), Dr. Wolfgang Leitner, CEO ANDRITZ AG and Chairman of the
    Supervisory Board Schuler AG, Hongbin Dong, General Manager Yadon, Oemer
    Akyazici, Managing Director Schuler China
    Picture: 2015_06_23_schuler_signing_yadon_03
    /
    Yadon is one of China's leading press manufacturers. The company's main
    base is located in Yangzhou, Jiangsu Province, 300 kilometers north of
    Shanghai.




    Please name Schuler as the photo source.

    About the Schuler Group - www.schulergroup.com
    Schuler is the technological and global market leader in forming equipment.
    The company offers cutting edge presses, automation, dies, process know-how
    and services for the entire metal forming industry and lightweight vehicle
    construction. Its clients include car manufacturers and their suppliers, as
    well as companies in the forging, household equipment, packaging, energy
    and electrical industries. Schuler is the market leader in coin minting
    presses and supplies systems solutions for the aerospace, railway and large
    pipe industries. In fiscal year 2014, Schuler posted sales of EUR 1.18
    billion. With around 5,400 employees, Schuler is represented in 40
    countries and is a member of the Austrian ANDRITZ Group.

    About Yangzhou Metal Forming Machine Tool Co., Ltd (Yadon) -
    www.yadonpress.com

    Yangzhou Metal Forming Machine Tool Co., Ltd has over 50 years of
    experience in the field of metal forming equipment. Founded in 1958, the
    company generated revenue of EUR 120 million (900 million RMB) in 2014 with
    around 1,100 employees. Under the Yadon brand, the machine tool
    manufacturer produces a variety of mechanical presses, presses for
    metalforming processes - such as C-frame presses, blanking presses and
    divided presses - as well as forging presses. The company's main base is in
    Yangzhou, Jiangsu Province, 300 kilometers from Shanghai. The majority of
    shares in Yadon are held privately.




    ---------------------------------------------------------------------

    23.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
    service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

    ---------------------------------------------------------------------


    370999 23.06.2015
    Seite 2 von 2



    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    DGAP-News SCHULER AG: Schuler acquires majority stake in Chinese press manufacturer Yadon - Seite 2 DGAP-News: SCHULER AG / Key word(s): Mergers & Acquisitions SCHULER AG: Schuler acquires majority stake in Chinese press manufacturer Yadon 23.06.2015 / 12:24 --------------------------------------------------------------------- PRESS RELEASE …