The parties have agreed to expand the license agreement to also cover Expanite’s processes for austenitic, ferritic and duplex stainless steels, referred to as the ExpaniteLow-T and SuperExpanite processes, and thereby making it possible to offer the complete range of Expanite processes for stainless steel to Chinese and other Asian companies.
“Our China business has had a fantastic start in 2018 and we continue to see tremendous growth potential towards many local and international companies with operations in China,” Expanite CEO Thomas Abel Sandholdt said.
“With the extension of our current installation, we will have the capabilities of reaching a much broader range of customers, applications and industries – and we can offer cutting-edge technologies to our customers," added Richard Zhang, CEO of KERN-LIEBERS, Taicang. "We are very proud of being the first in China to have a true low-temperature surface hardening solution for stainless steel.”
The new installation is expected to be fully operational during Q4, 2019.