Companies will work together to produce and sell the Reflex 500t scrap shear throughout Asia.
Copex, a manufacturer of scrap shear balers for the metals recycling industry, has signed a production and sales partnership with the Chinese company Jiangsu Huahong Technology Stock Co. Ltd., to form a company that will market the Reflex 500t mobile scrap shear from Copex in Asia and the rest of the world.
Ownership of the new company, called MH Recycling HK Co., which will be headquartered in Hong Kong, will be split evenly between the two companies.
Copex, based in France, has worked in China for more than 20 years. The company is seeking to grow its business in China through the joint venture company. Jiangsu is the first Chinese manufacturer of recycling equipment listed on the Shenzhen Stock Exchange.
Copex says that the Reflex 500t gives recyclers the opportunity to optimize their investment cost by choosing a portable machine that can process scrap material at various storage sites, while at the same time benefitting from the same technological innovations as heavy-duty scrap shears.
The shear will be manufactured by Huahong Technology under the supervision of Copex.
“COPEX machines are well known worldwide for their solidity and being at the forefront of innovation. When the Reflex 500t was launched last autumn, we estimated that it was the ideal machine for the Asian market, and that this model provided us the best opportunity to go into a partnership with COPEX to move upscale and improve the performances of our group,” says M. Hu Shi Yong, chairman of Jiangsu Huahong Technology.