WEILBURGER independent in China since March 2020
German coating industrial paint group WEILBURGER has announced that WEILBURGER has exited the former joint venture CMW Holding Ltd. (CMW = CashewManfieldWeilburger) as of 25 February 2020, and is now active in the Chinese market as a 100% subsidiary, WEILBURGER China (Tianjin) Ltd.
In exchange for its shares in CMW Holding Ltd., WEILBURGER receives back the business based on its licensed technology, as well as other assets, and takes over from CMW Holding Ltd. the ownership of the newly erected 32,000 square meter production facility in Tianjin, near Beijing.
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