Ceratizit buys Changzhou CW Toolmaker

CB-Ceratizit, a joint venture company of Ceratizit, part of the Plansee Group, has acquired 70% of all shares of Changzhou CW Toolmaker Inc. The privately owned company based in Changzhou, China, specialises in the design, production and sales of tungsten-carbide cutting tools for industries that include electronics, aerospace, rail, and mould and die.The acquisition is an important part of CB-Ceratizit’s growth strategy in Asia

Andreas Fritz, Ceratizit’spresident of the Asia-Pacificregional unit, says: “The expansion of the Ceratizit portfolio to include machining solutions for electronic components in the 3C sector (computers, communications and consumer electronics) is crucial for our success. By being able to draw on the high-quality production technologies and extensive manufacturing capacities of both CW and Ceratizit, we offer our customers significant added value throughout the full value chain.”
For further information www.ceratizit.com