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Karl Mayer: 25th anniversary of subsidiary in China

On January 17, 2020, Karl Mayer (China) Ltd., Changzhou/China, subsidiary of the textile machinery manufacturer Karl Mayer Textilmaschinenfabrik GmbH, Obertshausen/Germany, celebrated the Chinese New Year as well as its 25th anniversary. The company-wide event was held in Changzhou.
The beginnings of the company date back to 1995 when Wujin Textile Machinery Co, Ltd. was founded as a joint venture with a Chinese partner. Just 4 years later, Karl Mayer acquired all of the shares in the joint venture. Together with Nippon Mayer, the manufacturer set up Karl Mayer Textile Machinery Ltd as its own entity in Changzhou, and in 2005 formed Karl Mayer (China) Ltd. In 2008, the company moved to a new plant with a surface area of 170,000 m². In 2011, the production of knitting machines was expanded to include the manufacture of warp preparation equipment and in the following year, production was expanded again.
The latest milestone in the company’s history was the establishment of KM.ON China – a subsidiary of Karl Mayer’s software start-up KM.ON – in June 2019.
Karl Mayer (China) Ltd. currently employs around 800 people in Changzhou.

Source:
dfv media group

Domo: acquisition of Solvay’s polyamides business finalized

The integrated supplier of polyamides Domo Chemicals NV, Gent/Belgium, has completed its acquisition of the Performance Polyamides Business of the chemical company Solvay S.A., Brüssel/Belgium, in Europe.
The takeover includes engineering plastics operations in France and Poland, high performance fibers in France, polymer and intermediates operations in France, Spain and Poland. The Business comprises production, sales, technical support, R&D and innovation services in France, Spain, Poland, Germany and Italy that currently have a combined headcount of approx. 1,100 employees. The agreement also involves a joint venture between the chemical company BASF SE, Ludwigshafen/Germany, and Domo in France for the production of adipic acid.

Source:
dfv media group