KSB AG, Frankenthal, and the Japanese company Nikkiso Co., Ltd., Tokyo, will establish a joint-venture company based in Altenstadt near Frankfurt on 1 July 2008. The Nikkiso-KSB GmbH, in which each of both partners will hold a 50 percent interest, will focus on the development and provision of canned motor pumps for customers in Europe and the Middle East. The German-Japanese joint venture is to become the second-largest canned motor pump manufacturer in Europe behind Hermetic-Pumpen GmbH. The company aims to jointly design and build a new pump series by 2010. KSB’s contribution to the new product will be its pump hydraulics, while Nikkiso will contribute its broad range of special motors. In addition, the Japanese company, which besides pumps also manufactures components for medical equipment and the aviation industry, will bring its canned motor pumps for high pressures and flow rates into the joint venture. In Altenstadt, Nikkiso-KSB GmbH is planning to set up a competence centre for customised design and order processing. In addition, there will be facilities for machining, assembly and test runs, among others. Nikkiso Pumps Europe GmbH, Altenstadt, the German subsidiary of the Japanese partner, will be incorporated into the joint venture.
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