Well-known German Paint Company Weiborg Withdraws From Joint Venture

- Nov 06, 2020-

On March 18, Grebe Holding, the parent company of the German Weilburger Group (Weilburger), announced that from February 25, 2020, Weilburger has withdrawn from its previous joint venture, CMW Holding Ltd. (CMW Holding Ltd.). As a wholly-owned subsidiary Weibo China (Tianjin) Co., Ltd., it is active in the Chinese market.

In exchange for the shares of Kaxiubaohui Holding Co., Ltd., Weibo will withdraw its business based on its authorized technology and other assets, and will take over the ownership of the newly built 32,000 square meter production facility in Tianjin from Kaxiubaohui Holding Co., Ltd. "This change in organization and structure has laid the foundation for continued success in the Chinese market and a growth-oriented future." Weyborg Group said.

Kaxiu Baohui Holdings Co., Ltd. was jointly established in 2000 by the German Weyborg Group, Hong Kong Manhui Group and Japan Kaxiu Co., Ltd. in the Greater China region. It has five wholly-owned subsidiaries in the Greater China Region: Hong Kong Kaxiu Baohui Coating Co., Ltd., Guangzhou Kaxiu Baohui Coating Co., Ltd., Wuxi Kaxiu Baohui Coating Co., Ltd., Tianjin Kaxiu Baohui Coating Co., Ltd., Hong Kong Shangkaxiu Protective Coating Co., Ltd. Taiwan branch.

According to the data, Wiiburg, Germany, was founded in 1879 as the Sahler/Grebe company, which was acquired by the Weilburger Group in 1978 and was renamed Weilburger Graphics GmbH. Currently, the group has 11 production bases and 8 sales offices on four continents, and more than 1,200 employees worldwide.

At present, the Weilburger Group owns well-known brands such as Weilburger and Greblon. Coating products are widely used in rail transit, household products, stoves and heating appliances, furniture and floors, glasses, aluminum packaging, and national defense. , Machinery and equipment engineering, construction and other fields. Among them, white paint is most useful, and the main raw material of white paint is titanium dioxide.

The Vyborg brand was born in the German Grebe Industrial Coatings Manufacturing Group, the largest rail vehicle coating supplier in Europe and a global leader in water-based paint. It has supplied rail vehicle coatings for railway companies in various countries and railway vehicle companies such as Siemens, Bombardier, and Alstom. Years of long history, it is also the Q1 paint brand of German Railway Company (DB).