Recycling : COPEX announces his partnership with the Chinese giant HUAHONG TECHNOLOGY

Press Release - June 2014

Waste Recycling Industry

COPEX and the Chinese giant JIANGSU HUAHONG TECHNOLOGY STOCK CO. announce their partnership in production and sales of the mobile scrap shear Reflex 500t

Making 60% of his turnover through Exports and working with China for over 20 years, COPEX, as a manufacturer of scrap shear balers for metal recycling, wishes to increase market presence in Asia. The French Company has just concluded a production and sales partnership with the Chinese Company JIANGSU HUAHONG TECHNOLOGY STOCK CO. Ltd, first Chinese manufacturer of recycling equipment listed on the Shenzhen Stock Exchange (JIANGSU HUAHONG INDUSTRIAL GROUP CO., Ltd). This collaboration takes the form of a new company based in Honk Kong and owned 50/50 by the two companies. This Company called MH RECYCLING HK CO. Ltd is in charge of selling the new mobile scrap shear REFLEX 500 tons from COPEX in Asia and the rest of the world.

After more than 20 years of sale presence in China, the French constructor of hydraulic scrap shears COPEX increases his market presence in Asia by going into a partnership with JIANGSU HUAHONG TECHNOLOGY STOCK CO. Ltd, who is the largest manufacturer of recycling machines in China.

The two partners are 50/50 owners of the Company MH RECYCLING HK CO. Ltd. Based in Hong Kong, the Company has the mission to sell the new mobile scrap shear Reflex 500t from COPEX which meets the requirements of the scrap and metal recyclers, in Asian countries as well as in the rest of the world.

With this new scrap shear, the recyclers are given the opportunity to optimize their investment cost by choosing a unique portable machine which can process scrap materials located on various storage sites, and at the same time benefit from the same technological innovations as the heavy-duty scrap shears.

This new machine is the result of several years of R&D in COPEX Engineering Department. The REFLEX 500 tons from COPEX is perfectly suitable for the Asian market, and will be manufactured by HUAHONG TECHNOLOGY under the supervision of a COPEX co-worker.

« We know HUAHONG TECHNOLOGY for years and had many occasions to appreciate our respective qualities, says Frédéric Malin, Chairman from COPEX. Thanks to the high production capacity of HUAHONG TECHNOLOGY, their sales force in Asia, and the high quality of COPEX technological innovations, our alliance can only be a Win-Win partnership ».

« 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 » declares M. HU Shi Yong, Chairman of HUAHONG TECHNOLOGY.

About COPEX. Company was founded in 1948. From the very beginning, COPEX specialized in the construction of hydraulic presses and developed new applications in the nuclear industry from 1988, and for the treatment of municipal solid waste from 1990. With more than 800 machines in operation all over the world, COPEX is the specialist for the design and manufacturing of shears and balers for the scrap recycling, as well as the compacting of municipal, industrial and nuclear waste. COPEX is an independent middle-sized Company owned since 1998 by his Chairman, Frédéric Malin (70% shareholding) and by Ouest Croissance (30% shareholding). COPEX makes a turnover of US $ 20 million, of which 60 % with Exports, and manufactures his machines on his site in Caudan (France), where around 100 people are employed.

About JIANGSU HUAHONG TECHNOLOGY STOCK CO., Ltd. Affiliate Company of the industrial group JIANGSU HUAHONG INDUSTRIAL GROUP CO., LTD created in 1994 and employing 4500 people, HUAHONG TECHNOLOGY is the manufacturing leader of hydraulic and pneumatic machines in China.  HUAHONG TECHNOLOGY produces 8000 machines per year and takes part in the setting of Industry Norms in China. First Chinese manufacturer of recycling equipment listed on the Shenzhen Stock Exchange, HUAHONG TECHNOLOGY employs 950 people and makes a turnover of US $ 80,4 million.

Press Contact

Agence VinciCom

Christelle Roignant

+33 2 97 29 07 74 / +33 6 83 81 61 61