Business
China Joint Venture
China Joint Venture.
About this update from Tanfield Group Plc
[{"type":"text","content":"\n Tanfield Group PLC\n01 December 2005\n\n\nTanfield Group Plc ('the Group')\n\nChina Joint Venture\n\nThe Directors of Tanfield Group are pleased to announce that they have signed a\nMemorandum of Understanding which outlines the basis of a Joint Venture\nagreement with the Chinese access equipment manufacturer, Wuhan Fachman \nIndustrial Limited.\n\nUnder the terms of the agreement a joint venture company, Aerial Fachman\nLimited, will be established in China, and this company will manufacture and\nmarket certain products from the Groups range of Aerial access equipment. Whilst\ninitially targeting the fast growing Chinese market, the Group may ultimately\nsource equipment for certain export markets, particularly where shipping costs\nmake it advantageous to do so, from the joint venture company.\n\nEnquiries:\n\nRoy Stanley, Chief Executive,\nTanfield Group Plc Tel. 01207 521111\n\nRuari McGirr,\nDaniel Stewart & Company Plc Tel. 020 7776 6550\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1297,"tagName":"div"}]