AViTEQ celebrates joint venture
Published by Joseph Green,
Editor
World Cement,
AViTEQ Vibrationstechnik GmbH has celebrated the opening of a joint venture with Chinese company Shanghai Finde M&E Tech Co. Ltd. in Shanghai.
The representative new headquarters of AViTEQ Industrial Technology Co. Ltd. in Shanghai.
The AViTEQ site covers approximately 2000 m² production and 450 m² office areas.
“Thanks to the co-operation with our local partners, we are able to offer our reliable systems in China and neighbouring countries at marketable prices while maintaining highest quality standards. In the medium run, we are expecting the new company to gain a comparable successful market position with similar size as the German parent company”, commented Mr Wolfgang Finger, CEO of AViTEQ Germany.
The new joint venture produces vibrating systems like this trough conveyor for the Chinese market.
The joint venture itself combines Chinese steel construction skills and German state-of-the-art drive technology. It will produce vibration plants for screening and conveying in various sectors, starting with steel production and foundries, building and non-metallic mineral industry, chemical, pharmaceutical as well as plastic applications.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/asia-pacific-rim/12062015/aviteq-celebrated-chinese-shanghai-finde-996/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Molins announce first quarter results
Net profit reached €48 million, equivalent to earnings per share of 0.73 euros, 6% lower than the same period of the previous year.
