CB-Ceratizit acquires Chinese carbide specialist

CB-Ceratizit has acquired 70% of all shares of Changzhou CW Toolmaker, a manufacturer of tungsten carbide cutting tools for electronic, aviation, railway applications, as well as mold and die industries.

“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,” said Wan Lung Liao, chairman of CB-Ceratizit.

“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,” added Andreas Fritz, president.