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RUSAL and Chinese aluminum alloy cable manufacturer Hebei Xinyi Cable signed an agreement to establish a joint venture company "JSC RUSAL-HEBEI JOY SENSE CABLE Special Aluminium Products Co.
Ltd.
"
。
At this stage, the two parties will invest US$1 million and make further investment decisions
after discussing the feasibility.
It is reported that the joint venture will be established as a Sino-foreign joint venture, with both parties holding 50% of the equity
.
The joint venture is responsible for production and sales, and the production facilities are Hebei Xinyi Cable's factory in Shijiazhuang, Hebei Province, 300 kilometers away from Beijing
.
The existing facilities will be expanded and modernized to meet the production needs
of the joint venture.
RUSAL and Chinese aluminum alloy cable manufacturer Hebei Xinyi Cable signed an agreement to establish a joint venture company "JSC RUSAL-HEBEI JOY SENSE CABLE Special Aluminium Products Co.
Ltd.
"
。
At this stage, the two parties will invest US$1 million and make further investment decisions
after discussing the feasibility.
It is reported that the joint venture will be established as a Sino-foreign joint venture, with both parties holding 50% of the equity
.
The joint venture is responsible for production and sales, and the production facilities are Hebei Xinyi Cable's factory in Shijiazhuang, Hebei Province, 300 kilometers away from Beijing
.
The existing facilities will be expanded and modernized to meet the production needs
of the joint venture.
