Mixing
(4)
Fittings
(9)
The new investment reflects a significant step forward in Rapid’s Asian capabilities, giving the company access to a well established Chinese and Asian distribution network, as well as significantly expanding its local manufacturing and assembly capabilities. The acquisition will mean Rapid is able to service local Chinese and Asian customers more quickly and efficiently, reduce lead times and boost its competitiveness in the Asian market.
As part of the agreement, Rapid will relocate their operations in China to Avian’s 50,000 sq. m facility located in Shanghai, China. This ten-fold expansion in production space means Rapid will be now able to manufacture and assemble more of its own product range in China for local customers.
“This is a huge development for Rapid and we are tremendously excited about it and the potential it offers,†said Rolf Gren, President and CEO, Rapid Granulator Group. “This investment consolidates our position as the global market leader in granulation machinery with an expanded product portfolio, and means we can now provide the same level of speed and service to our growing customer-base across Asia as we do in Europe and North America.â€
Mark Miao, President and owner of Avian Machinery who will remain with the group after the acquisition as General Manager for their Chinese operations also added: “This is a great move for Avian and Rapid. I am really pleased to be part of the world’s leading brand in plastics granulation and recycling.â€
The news come from www.bossgoo.com
