dormakaba drives growth with joint venture in China with Kinlong

dormakaba Access Solutions (China) has signed an agreement to form a joint venture with Guangdong Kinlong Precision Products, a subsidiary of Guangdong Kinlong Hardware Products.

Kinlong is the leading Chinese construction and architectural hardware company.

Through this joint venture, dormakaba claims that it will enhance its market in the strongly growing hospitality vertical.

Kinlong

Founded in 2003, Kinlong is based in Guangdong, China.

Kinlong is a public company in the construction hardware industry in China and employs around 16,000 people.

Combining strengths

With the joint venture, dormakaba and Kinlong combine their strengths to enhance their positioning and expand customer access in the local hospitality market using the brand “Biosure”.

The local Chinese hotel segment is expected to grow by double digits over the coming years.

The companies state that the proven product expertise of dormakaba in the hotel lock segment, combined with Kinlong’s extensive sales network, experience in the local market and comprehensive hospitality solutions offering, will drive the joint venture’s success.

“Driving further growth”

Till Reuter, CEO, dormakaba commented: “We are delighted to partner with Kinlong in this joint venture.

“The collaboration aligns perfectly with our local-for-local strategy for China, driving further growth through an extended go-to-market and reinforcing our leadership in the local hospitality market, which remains one of our focus verticals,” Reuter concluded.