Ningbo Lehui International Engineering Equipment Co plans to take over German dairy packaging equipment manufacturer NSM Packtec GmbH, according to media reports on Wednesday [13 December 2017]. Lehui will pay 4 million euros ($4.73 million) to acquire the company from NSM Magnettechnik GmbH, domestic news website reported…Full Article: The Global Times Dec 2017

Key Point

  • According to Ningbo Lehui International Engineering Equipment (SHA:603076), the acquisition of Germany’s NSM Packtec would bring in new food and liquid packaging manufacturing technologies for the Chinese firm and its subsidiaries.

ChinaAg Comments

  • In November 2017, Ningbo Lehui International Engineering Equipment (SHA:603076) began trading on the Shanghai Stock Exchange.
  • In September 2016, CIMC ENRIC Holding began brewery operations in Baoding (near Beijing), Hebei Province. These brewery plant included a mash filter, brew house, cold storage area and storage tanks. Additionally, another CIMIC owned brewery began operating in Jishui, Jiangxi Province.
  • In June 2016, CIMC ENRIC Holding purchased (USD 28.6 million) for Briggs Group, a UK-based food equipment producer (i.e. distilling, non-brewing yeast and equipment). The purchase will reportedly give CIMIC ENRIC a 30% share of the world’s brewing engineering equipment market.
  • As of early 2016, Ziemann Holvrieka reportedly had a 40% market share of brewery equipment in mainland China.
  • In 2015, the CIMC ENRIC Holding’s total sales were CNY 8.24 billion (USD 1.22 billion). Its liquid food equipment business accounted for approximately 26% (~USD317 million) of its sales revenue.
  • In June 2012, CIMC Enric Holdings acquired the Germany’s Ziemann International GmbH. Founded in 1852, Ziemann International GmbH is a manufacturer of food processing tanks/vessels for beer and other beverages.  The Dutch and German companies were combined into Ziemann Holvrieka.
  • In 2010, Ningbo Lehui dissolved its joint venture with Germany’s Ziemann.
  • In 2007, CIMC Enric Holdings (subsidiary of China International Marine Containers or CIMC) acquired the Netherlands’ Holvrieka Holding BV.
  • In 2006, Ningbo Lehui launched a joint venture with Germany’s Ziemann, a manufacturer of beverage processing equipment.
  • Founded in 2004 and headquartered in Shenzhen, Guangdong Province, Cimc Enric Holdings (CIMC) (HKG:3899) is a subsidiary of China International Marine Containers, aka CIMC (SHE:000039). During the early 1980s, CIMC focused on shipping container manufacturing. In 1987, China Ocean Shipping (COSCO) became a major shareholder of CIMC via a joint-venture. In 1994, CIMC was listed on the Shenzhen Stock Exchange.  In 1996, CIMC produced 199,000 TEU shipping containers. In 2002, the company began manufacturing shipping vehicles (semitrailers).
  • Founded in 1991 and headquartered in Ningbo, Zhejiang Province, Ningbo Lehui International Engineering Equipment (SHA:603076) is a brewery equipment manufacturer whose product line includes conveyors, silos, mills, tanks, canning/bottling systems, and packaging systems. As of 2017, the company had investments in Ethiopia, India, Myanmar (Burma), and Germany.

Hong Kong Trends

Similar Posts by ChinaAg

Spread the word. Share this post!