Homag and Luli Wood strike strategic agreement
15 April 2024Chinese panel product giant Luli Wood Industry has a new strategic partnership agreement with German woodworking manufacturer Homag Group.
The three-year contract will see Luli Wood a comprehensive package of Homag machines and systems for furniture production. The total value of the order is approximately €90m.
The strategic co-operation agreement was formally sealed with a traditional signing ceremony attended by Zhong Duzhang, Deputy General Manager of the Luli Group, and Dr Daniel Schmitt, CEO of the Homag Group, as well as other representatives of both companies.
“We decided to work with HOMAG again because the company offers advantages in the field of Industry 4.0, has extensive industry experience and has been active in China for more than 40 years,” Zhong Duzhang explained during the ceremony.
The value added for the major order will be created in both Germany and China. Homag is relying on a mixture of Chinese and German teams for installation, commissioning, and service at Luli Wood Industry.
“We are very pleased to have received this order,” said Dr Schmitt.
“It also shows that the Chinese market is extremely dynamic and important for us.”
Luli Wood produces a big range of products, including plywood (1 million m3 annual output) and particleboard.
