From left: Jinying Ma, Managing Director of CLAAS Jinyee Agriculture Machinery Co. Ltd., Dr. Theo Freye, spokesperson for the CLAAS Executive Board, Fusheng Fan, local party secretary of the city of Gaomi, Dr. Henry Puhl, member of the Executive Board of the CLAAS Group and CEO of CLAAS Jinyee Agriculture Machinery Co. Ltd., stand together on Thursday (23rd January 2014) in the Chinese city of Gaomi (Shandong province). The German agricultural machinery manufacturer has completed the majority take-over of the Chinese company Jinyee. Photo: Friso Gentsch/CLAAS
After the contract was signed on 16th July last year, approval was obtained from the national authorities and further details have been coordinated over the past few months. This process has now been successfully completed in the presence of Dr. Theo Freye, spokesperson for the CLAAS Executive Board, and the CLAAS Managing Director Dr. Henry Puhl.
Dr. Puhl emphasised the importance of this step for the further internationalisation of CLAAS: "The current importance of China in the agricultural industry is set to increase significantly in the next few years. Modernisation and mechanisation using modern agricultural engineering have priority. We are therefore convinced that our Chinese strategy means that we are now well positioned in the largest and fastest-growing agricultural engineering market in Asia. Jinyee and CLAAS complement each other perfectly."
