In July the JV agreement was executed with Hymsn,on which the new company will be established as Hymson by the two parties so that the coordinative strategy will be set up in laser solution, laser automation and customers in new energy for advantage complementing each other.
In Feb, 2021 the new headquarters put into use officially which means the base arrangements are completed including smart manufacturing, industry hatching, CBD oversea R&D and support supply-chain.
In 2020 MK started the independent R&D and producing of facial mask, established Tianjin Masterwork Health Technology Co.,Ltd for disposable facial mask production. Meanwhile the future development planning was also confirmed for health care business in MK.
The acquisition of Tianjin MingXuan technology development Ltd. With 100% shares, which is the quality assets and brings a stable profit for MK, optimizes the assets and business of MK and increase the continuous profitability.
In 2019, MK was listed as the No.1 shareholder of HDM with 8.46% shares in equivalent 550Million Yuan RMB. As the only strategic investor of HDM, the two parties will deepen the existing cooperation worldwide and the overall strategic cooperation will be started regarding to two-way distribution , two-way supply, cooperation on technology and products, smart manufacturing. Talent training ,information sharing and finance leasing, etc to put forward the upgrading in digitalization and intelligence in both parties, provide together the overall solutions for package printing industry and build together the future industry chain for package printing industry.
In 2018,the cooperation agreement was executed with Mr. Peter Marbach, Chairman of Marbach Group. According to this agreement, the JV was established with name Marbach Masterwork (Tianjin) Die Cutting Tools Co., Ltd., so that the typical dynamic blanking and blanking tools for the die-cutters with blanking of MK can be designed and manufactured based on the quality product of Marbach, then the issues regarding to domestic non-uniformity and unstable quality can be solved and high-end market can be realized in China.
Company name was changed as “Masterwork Group Co., Ltd.”.
MK acquired the Slovakia plant of HDM as its new oversea producing base, which is a big promotion of MK competitiveness worldwide.
The permanent agreement of technology transfer on gravure press R983 was executed between MK and Cerutti Group. Based on it, in Chinese market (including HongKong, Macau and Taiwan) of paper products, MK is authorized permanently all the rights specified in such agreement of producing and sales, meanwhile MK and Cerutti own the same rights both on all these patents and other new developed technology.
The transaction closing of R&D in HDM post-press enables feedback of 305 patents totally, joint development both in domestic and oversea bases, and sustainable innovation.
Cooperation Agreement was executed with HDM and the post-press business in HDM with the same products as MK was acquired by MK, since then MK has been the exclusive supplier worldwide to HDM in its post-press business. The market position of MK in post-press over the world is strengthened furthermore.
Successfully listed in SZSE
Move to plant in Shuangchuan Road