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    Home > Coatings News > Paints and Coatings Market > Weibo, a well-known German paint company, withdrew from the joint venture and has been operating independently in China since March

    Weibo, a well-known German paint company, withdrew from the joint venture and has been operating independently in China since March

    • Last Update: 2020-03-25
    • Source: Internet
    • Author: User
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    Grebe holding, the parent company of weilburger group in Germany, announced that weilburger had withdrawn from the former joint venture CMW Holding Ltd since February 25, 2020, and now as a wholly-owned subsidiary of weilburger China (Tianjin) Co., Ltd., it is active in the Chinese market In exchange for the shares of caxiubaohui Holding Co., Ltd., Weibo will recover its business according to its authorized technology and other assets, and take over the ownership of the newly built 32000 square meters production facilities in Tianjin from caxiubaohui Holding Co., Ltd "This organizational and structural change has laid the foundation for continued success and growth oriented future in the Chinese market." Weibull group said Tu Jie's reporter noted that kaxiubaohui Holding Co., Ltd was jointly established in Greater China by Weibao group of Germany, Wanhui group of Hong Kong and kaxiu Co., Ltd of Japan in 2000, with five wholly-owned subsidiaries in Greater China: Hong Kong kaxiubaohui coating Co., Ltd., Guangzhou kaxiubaohui coating Co., Ltd., Wuxi kaxiubaohui coating Co., Ltd., Tianjin kaxiubaohui coating Co., Ltd Xiubaohui coating Co., Ltd and Hong Kong shangkaxiu protective coating Co., Ltd Taiwan Branch According to the data, Weibull was founded in 1879, formerly sahler / grebe company, which was acquired by weilburger group in 1978 and renamed as weilburger graphics GmbH At present, the group has 11 production bases and 8 sales offices on four continents, with more than 1200 employees worldwide At present, Weibull group has well-known brands such as weilburger and greblon Its coating products are widely used in rail transit, household appliances, stoves and heating appliances, furniture and floor, glasses, aluminum packaging, national defense, machinery and equipment engineering, construction and other fields Weberg brand was born in grebe industrial coatings manufacturing group, the largest supplier of railway vehicle coatings in Europe and the global leader of waterborne coatings in Germany It has been supplying railway vehicle coatings for 30 years for various railway companies, Siemens, Bombardier, Alstom and other railway vehicle companies It is also a class Q1 coating brand of German Railway Company (DB) (coating boundary)
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