Joint Venture in China

Elematic of Finland is joining forces with a Chinese company to introduce precast concrete building and technology into China. Elematic and China Triumph International Engineering Group Co., Ltd. (CTIEC) of P.R. China signed a joint venture agreement on September 6, 2012.

Elematic is one of the world’s leading precast concrete technology companies while CTIEC is part of one of the world’s largest building material companies, China National Building Materials Co (CNBM). The joint venture, of which, Elematic’s share is 60% will be located in Shanghai, and will be fully operational by end 2012. In...