- Habasit, the world-leading conveyor and processing belting solutions company, 
headquartered in Reinach, Switzerland, acquired Namil Belt Industrial Co., Ltd. 
and Korea Belt Services in South Korea. The acquisitions strengthen Habasit's 
level of service for customers in the South Korean market.

Habasit has incorporated our long-standing distribution partners in South Korea 
as a new Affiliated Company of the Habasit Group. 

Namil Belt Industrial Co., Ltd. was established in 1978 and has a strong 
reputation in the Korean market built on a commitment to quality of products, 
service as well as application and fabrication know-how. Since its inception 
and with the ambition to deliver quality products, NBI was a distributor of 
Habasit in South Korea. Korea Belt Services was established in 2007 and 
operates as sub-distributor in close cooperation with NBI. 

NBI and KBS consolidate as one company under the Habasit Korea umbrella to 
provide highest quality service and one source of support to customers and 
distribution network in South Korea. With nation-wide coverage the company will 
continue to provide high-quality, customized Habasit solutions for industries 
including textile, paper, food, materials handling, automotive and wood. 

Mr. Hyung Jong Kim, will keep leading the business as General Manager and 
Director of the Company, ensuring the uninterrupted quality of business 
operations and a smooth transition for customers and distributors for NBI, KBS 
and Habasit in South Korea. 

The acquisitions strengthen the level of service and support Habasit can 
deliver to customers in the South Korean market, whilst maintaining the 
business strategy and reputation built by NBI and KBS. As part of the Habasit 
Group, the company in Korea will continue to offer the full Habasit range of 
conveyor, power transmission and processing belts, as well as state-of-the-art 
components, including the portfolio of feet and hygienic leveling systems by 
NGI, a Habasit Group Company specializing in conveyor leveling components.

About Habasit

Habasit helps customers to improve the reliability, quality and productivity of 
their equipment and processes, providing them with excellent conveyor and power 
transmission products, systems and services. Established in 1946 in Basel, 
Switzerland, the family-owned company now has a global presence in over 70 
countries, with more than 3,800 employees in affiliated companies and service 
centers worldwide. Habasit's customers receive the highest quality products and 
comprehensive, tailor-made solutions from our extensive range of fabric-based 
conveyor belts, plastic modular belts and chains, power transmission belts, and 
monolithic and timing belts.

For further information, please visit www.habasit.com.

Logo - https://mma.prnewswire.com/media/1033105/Habasit_Logo.jpg 

Source: Habasit International AG