CB-CERATIZIT announces the acquisition of Changzhou CW Toolmaker Inc.

Specialist in solid carbide cutting tools

CB-CERATIZIT Luxembourg S.A. (Headquarters) and Changzhou CW Toolmaker Inc.,
Changzhou city, China, 14 August 2023

CB-CERATIZIT has acquired 70% of all shares of Changzhou CW Toolmaker Inc. The privately owned company based in Changzhou, China, specializes in the design, production and sales of tungsten carbide cutting tools for the electronic industry, and a variety of industries including aviation, railway, as well as mold and die industries.

The acquisition of Changzhou CW Toolmaker Inc. is an important part of CB-CERATIZIT’s growth strategy in Asia, as Wan Lung Liao, Chairman of CB-CERATIZIT, explains: ’The acquisition of Changzhou CW Toolmaker helps us in our further development. Thanks to the support of the government, Changzhou CW Toolmaker has been cooperating with CB-CERATIZIT for 15 years, and has been a loyal partner of CB-CERATIZIT from the very beginning to the present day, building up a tacit understanding of each other. Our goal is to further strengthen our production network for cutting tools in China and the Asia-Pacific region, especially for solid carbide cutting tools.’ The success of CW in Chinese market also offers the CERATIZIT cutting tools brand with the opportunity to enter new markets. Andreas Fritz, CERATIZIT Cutting Tools President of the Regional Unit Asia Pacific, explains: ‘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. Therefore, both companies are consolidating their strengths within the CB-CERATIZIT joint venture. By being able to draw on the high-quality production technologies and extensive manufacturing capacities of both CW and CERATIZIT cutting tools business, we offer our customers significant added value throughout the full value Chain.’

Both sides have agreed not to disclose the financial details of the transaction.

About Changzhou CW Toolmaker Inc.
Changzhou CW Toolmaker Inc. is located in Xixiashu Industrial park, Changzhou, a renowned place for tool making. CW was founded in 1998 and specializes in the design, production and sales of tungsten carbide cutting tools. Since initiation, CW has invested in more than 160 machines for production and product inspection – mainly from well-established European brands. CW’s main products apply to precision machining of aviation, railway, electronics as well as mold and die industries. CW’s corporate value is putting customers first and emphasizing on honesty. Beyond that, CW guarantees a less-than-24-hour reply to its customers.

Press Contact

CERATIZIT S.A.
Parwez Farsan
PR Manager
101, Route de Holzem
LU-8232 Mamer, Luxembourg
Tel: +352 31 20 85-854
press@ceratizit.com
www.ceratizit.com

CB-CERATIZIT Group
Ruiyi ZHU
Marketing Dep.
Tel. +86-592-666-1000 ext.3527
ruiyi.zhu@cbceratizit.com
www.cbceratizit.com