Tenova Sells HTC Group
Tenova, a company of the Techint Group, concluded the selling process of the HTC Group, which includes IVA Schmetz (Germany), Mahler (Germany), Fours Industriels B.M.I. (France) and IVA Schmetz Industrial Furnaces (China). All four companies specialize in advanced technologies for heat-treatment processes for components. The purchasers are Qizhi GmbH and Shanghai Qizhi Information Technologies Co. Ltd., both members of Ningbo Qijing Holding Co. Ltd.
Ningbo Qijing is also the parent company of Qijing Machinery Co. Ltd., a company that specializes in the research, development and manufacturing and assembling of mechanical systems and precision parts.
In a statement, Ningbo Qijing said that it recognizes that heat treatment is one of the most critical processes for precision machined parts. The company believes that HTC Group has the potential to gain space and relevance in growing sectors, especially in the Chinese market.