November 30, 2016

Pancosma acquires majority share in Chinese company

 

Pancosma has acquired an 80% majority shareholding in Jangsu Keybio Biology Technology Co Ltd, a Chinese company specialised in additives.

The remaining 20% of the capital are retained by Jangsu Hanshang Import & Export Co Ltd which is Pancosma's long-standing partner in China. Founded in 2010, Jangsu Keybio Biology Technology Co Ltd is located in the free zone of Zhangjiagang port (located east of Shanghai) on the Yangtze River. The company has a production plant, a laboratory, two warehouses, and enjoys a prime location with over 13,000 square metres of land.

"Pancosma's strong momentum and numerous investments worldwide, coupled with Keybio's strengths, promise the potential for major product development and quality solutions for the Chinese market," said Haoming Zhang, CEO of JH Import & Export Co Ltd.

Dr. Goetz Gotterbarm, CEO of Pancosma, explained, "This partnership strengthens our position in China. Pancosma will invest in high-profile encapsulation technologies on the Zhangjiagang site. Once completed, Pancosma's portfolio and approach will be fully available to the Chinese market, in particular, our proven science-minded technologies as well as high-profile, tailor-made solutions for Chinese customers".