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Brookfield reached an agreement with DongFang Precision to acquire the shareholdings in Fosber Group, the Italian corrugated machinery maker, including Fosber Italia, Fosber America, Fosber Asia, Tiruña and Quantum Corrugated. Completion is expected in the first half of 2026.
Fosber Asia held a topping-out ceremony for its new intelligent corrugator factory in Songxia Industrial Park, Foshan, marking completion of the main construction phase. The project has an investment of about 500 million yuan on a 13-acre site.
Guangdong Fosber Intelligent Equipment (Fosber Asia) held the groundbreaking for a new intelligent factory making corrugator production lines in Songxia Industrial Park, Foshan, on 10 February 2023. The estimated investment is about 500 million yuan over an 80-acre site.
