Zhejiang Sanwei Set up a New Company

18 June 2019 | Source from China Rubber Journal

On February 22, Zhejiang Sanwei Rubber Item Co., Ltd. post a message that it would jointly invest RMB 100 Million Yuan to set up Chengdu Sanwei Rail Transit Technology Co., Ltd. with a subsidiary of Chengdu Rail Transit group Co., Ltd. The main products of the new company are rubber products, concrete products, nylon plastic products, etc.

The establishment of the joint venture company accords with its long-term strategic development. The operation of the new production base can not only expand the product scale and diversify the product categories, but also effectively occupy the central and western markets by optimizing the market layout. While signing the cooperation agreement, both parties indicated that the two enterprises would give full play to their respective advantages in market and technology and devote themselves to developing the market of supporting products such as rail transit, building and municipal construction.

In addition, Chengdu Rail Transit Company needs to give priority to supporting the new company to participate in the local rail transit construction project in Chengdu, so that the related business of the new company can enter the supporting system as soon as possible; meanwhile, Zhejiang Sanwei will provide its own professional technologies and relevant intellectual property rights to the new company for free use.

(Si Xianchao)

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