(Yicai Global) Feb. 27 -- Suzhou SLAC Precision Equipment Co. will provide can-making equipment to European packaging service supplier Ardagh Group in a deal worth more than USD13 million. The deal represents the Chinese firm's further foray into the European market.
It involves the supply and installation of can-making devices for the Luxembourg-based glass and metal packaging service supplier Ardagh Group, said a statement from Suzhou SLAC today.
Suzhou SLAC is a subsidiary of Shenzhen Crystal Optical Co. and engages in the design and production of high-end equipment sets for global markets. Ardagh Group is a Luxembourg-based producer of glass and metal products and operates in more than 20 countries worldwide. It is one of the world's largest metal and glass packaging companies. The Chinese firm will provide the equipment for Ardagh's plant in central Poland.
The deal is of significance for the market expansion of the Chinese firm in the field of can-making equipment and will positively contribute to its finances, the statement added.