China: Germany's AViTEQ Vibrationstechnik GmbH has celebrated the opening of a joint venture in Shanghai with China's Shanghai Finde M&E Tech Co Ltd (Finde). Finde is mainly engaged in drive and control technology business in China and has been supplied with AViTEQ magnetic vibrators for about 10 years.
Increasing domestic demand resulted in the establishment of AViTEQ Industrial Technology, which will manufacture innovative vibrating and processing systems exclusively for the Asian market. The joint venture will combine Chinese steel construction skills and German state-of-the-art drive technology. The technology will be used for screening and conveying in various sectors, including the cement industry, steel production and foundries, building and non-metallic mineral industry, chemical, pharmaceutical as well as plastic applications up to food production. Sales and services will be handled by AViTEQ Industrial Technology. The company will provide a 24 hour spare part delivery service for drives and controls from a local warehouse.
"Thanks to the cooperation with our local partners, we are able to offer our systems in China and neighbouring countries at marketable prices while maintaining the highest quality standards. In the medium-term, we are expecting the new company to gain a comparable successful market position with similar size as the German parent company," said Wolfgang Finger, CEO of AViTEQ Germany.
