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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.
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