Komax and its Chinese partner Yingkou Jinchen signed an agreement under which Yingkou Jinchen will acquire Komax’s 51% holding in their joint-venture company Komax Jinchen. Komax announced its intention of selling its solar business in August 2013. The sale of Komax’s holding in Komax Jinchen marks the completion of the first step. The transaction is still subject to approval by the appropriate Chinese authorities. Komax and Yingkou Jinchen set up Komax Jinchen in 2011 with the aim of providing the Chinese market with locally produced laminators. The Komax Group is a global technology company that focuses on markets in the automation sector. As a leading manufacturer of innovative and high-quality solutions for the wire processing industry, for the production of modules for the photovoltaics market and for systems for the manufacture of self-medication solutions, Komax helps its customers implement economical and safe manufacturing processes, especially in the automotive supply, solar panel and pharmaceutical sectors.