For Immediate Release
October 31, 2012

CPM FORMS CROWN ASIA

　　Wuhan, China — CPM, the world’s leading supplier of process engineering, process equipment and aftermarket parts for the oilseed, animal feed, biofuels and food processing industries, announces the formation of Crown Asia (Wuhan) Engineering Co., Ltd.  The wholly-owned company is a result CPM’s acquisition of its joint venture partner’s shares in Wuhan Crown Friendship Edible Oil Engineering Company, or CFEC.  As Crown Asia, the new venture will build upon its leading market position in China and the greater Asia region in oilseed processing.

　　Beginning in 1991, the predecessor company served the Chinese oilseed market designing the first commercial extraction unit in China.  In 2001, CPM’s Crown Iron Works acquired a 60% stake in CFEC combining the technological assets to better serve the expanding market.  Since that time, the joint venture has established itself as the leading Chinese oilseed technology company with over 300 processing installations.  Now as Crown Asia, the company will expand its Wuhan operations to more fully serve the Asia region with a full complement of process solutions and equipment.

　　The formation of Crown Asia fully aligns the ownership and management philosophies of the former company. The new company will be a great benefit to our customers and employees as we continue to develop leading process and equipment solutions throughout the world for preparation, extraction, oil refining and oleochemical systems.

　　CPM business units include Crown, SKET,California Pellet Mill, Roskamp Champion, Beta Raven, Wolverine Proctor and Greenbank Technology. CPM has more than 900 employees with operations in the Americas, Europe and Asia. For more information, visit www.cpm.net, www.crowniron.com or contact CPM at 800-366-2563.