SCHMID Technology Guangdong gets minority investment from XJ Capital
- Tools manufacturer SCHMID Technology Guangdong has received a "significant minority financial investment" from Chinese capitalist XJ Capital in a boost to its PV business.
Prior to the financial investment, SCHMID Technology Guangdong, a supplier of PV manufacturing equipment as well as published circuit card (PCB), was 100% had by Germany-based SCHMID Group
The companies hope the partnership will make it possible for SCHMID Technology Guangdong to combine the market experience of the SCHMID Group, especially in the chemical area, with the regional expertise of XJ Capital.
"Combining the toughness of both business will create a lighthouse project for a following degree of a Chinese-German collaboration that can get rid of today's difficulties of trade disputes and also a pandemic by focusing on the demands of our customers," claimed Christian Schmid, managing supervisor of SCHMID Group.
"The financial investment right into STG highlights one of XJ Capital's core abilities of partnering with firms to further broaden and expand their presence in China by leveraging our local connectivity and also resources," stated Hu Bin, creator of XJ Capital.
PV Tech has actually called the SCHMID Group for further information in regards to the amount spent by XJ Capital and its minority stake.
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