May 27, 2009. /Lesprom Network/. Dieffenbacher group has concluded an agreement with Kronospan group with regard to the take over of the shares of Shanghai Wood Based Panel Machinery (SWPM). The SWPM is located close to the Volkswagen, Shanghai facilities, Dieffenbacher said in a statement received by Lesprom Network. SWPM is the most accepted local supplier in China for wood based panel production plants and has during the recent years made good progress with consequent expansion into international markets. Primarily as a supplier of Multi-opening Press Lines, SWPM has gained significant market shares. SWPM recently also has developed 4 ft wide continuous press which, by becoming a shareholder, Dieffenbacher also can offer as a competitive solution for this market segment. SWPM and Dieffenbacher production programs are complementary in a wide range and therefore no negative effects must be expected for the employees of the Dieffenbacher companies in Germany, said in a statement. The SWPM production program will remain and will be complemented by additional products from the Dieffenbacher program. Dieffenbacher has a long experience in the Chinese market and has during the recent years started own activities in China by forming a sales and service company in Beijing and by opening up manufacturing facilities in Changzhou. As a consequence of becoming a shareholder Dieffenbacher will concentrate as quickly as possible all activities for the Chinese market at the Shanghai location.