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News Release from: Jenoptik
Edited by the Manufacturingtalk Editorial
Team on 23 March 2006
Production measurement company sets up
China JV
German company Jenoptik is strengthening its Asian market presence in production measurement technology by setting up a new joint venture in China - Hommel Telstar in Shanghai.
Jenoptik is strengthening its Asian market presence in the production measurement technology area by setting up a new joint venture in China At the beginning of 2006 together with a Chinese partner, Hommelwerke, a specialist in high-precision contact and non-contact, optical measurement technology within the Jenoptik Group, set up Hommel Telstar Company, with registered offices in Shanghai
This article was originally published on Manufacturingtalk on 18 Nov 2005 at 8.00am (UK)
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In addition to Hommelwerke, which holds 50% of the new company, the local management as well as the firm of Telstar-Hommel, founded eighteen months ago in South Korea, also have a stake in the joint venture.
The growth by Asian automobile manufacturers has led to a strong growth in production measurement technology sales in this region.
The main aim of setting up the new company is to further expand the service and distribution network in Asia.
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The new company will also manufacture small devices for the regional Chinese markets.
The company currently has 18 employees and is also represented by two sales offices in Beijing and Qhongqing.
Hommelwerke, through the Telstar-Hommel Corporation, a complete production measuring technology provider of for the automobile and mechanical engineering industry, has also been active since 2004 in the South Korean market, one of the world's most important centers for the international automotive industry.
Over the past 20 years Hommelwerke has had a presence in these two markets, initially through trade representatives and then through its own sales offices.
Outside Asia, Hommelwerke has investment holdings and subsidiaries in the USA, France and the Czech Republic.
During the course of the globalization of the automotive industry and its suppliers, it has become absolutely vital for Hommelwerke to have a direct local presence.
By having a global presence in the key centers for the automotive and automotive supplier industries the company is benefiting from its close geographic vicinity to the clients.
* About Hommelwerke - Hommelwerke, (www.hommelwerke.com) specialises in the development, production and distribution of high-precision, non-contact optical measuring technology, and contact measuring technology for dimensional analysis and the analysis of shapes, contours and surface properties.
Hommelwerke's customers include leading car manufacturers and automotive industry suppliers.
The company which is based in Villingen-Schwenningen and Jena, Germany, was founded in 1876 and since May 2000 has been a subsidiary of Jenoptik Laser, Optik, Systeme, part of Jenoptik's Photonics business division.
* About Jenoptik - sales in Jenoptik's Photonics business division increased from almost EUR 360 million in fiscal year 2004 to about EUR 400 million in fiscal year 2005.
Earnings rose from EUR 34.5 million to about EUR 39 million.
More than 2,600 employees work for the business division in its laser, optics, sensorics and mechatronics units.
Jenoptik develops, manufactures and distributes photonics components, modules, system solutions, and entire facilities, always putting light to use as an industrial tool.
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