A unique transaction combining two major copper processors with production in China and Germany formed the basis for a joint venture that created a market leader, said a partner involved in the deal.
Leading copper processing companies KME Group from Europe and Golden Dragon Precise Copper Tube Group of China set up the joint venture with the goal of becoming the only player with fully integrated manufacturing operations in China’s connector segment. KME Group will contribute its German plant in Stolberg to the joint venture.
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