Komax Acquires Stake In Chinese Firm

Komax Systems Inc. has signed a cooperation agreement with Yingkou Jinchen, under which Komax will acquire a 51% stake in the newly founded Komax Jinchen.

Founded in 1994, Yingkou Jinchen develops and manufactures laminators and automatic production lines for solar module manufacturing, primarily in China. The acquisition will add laminators for additional market segments to Komax's product range and improve its access to the fast-growing Chinese solar market, according to the company.

SOURCE: Komax

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