Chinese jv Battenfeld Extrusion Systems now wholly owned/Buyout of Chen Hsong

摘要

SMS Group (Meinerzhagen/Germany;www.sms-k.com) has taken over the 40% interest held by Chen Hsong Holdings (Hong Kong) in their Chinese joint venture.This means that the Battenfeld Extrusion Systems Ltd (Shunde,Guangdong/China),formerly Battenfeld Chen Extrusion Systems Ltd,is now a wholly own subsidiary of SMS.