August 19, 1997 - Establishment of Joint Ventures In Korea And India
Flair Corporation, a division of United Dominion Industries Ltd. announced the establishment of
joint ventures in Korea and India. Flair Corporation is the world's leading manufacturer of
compressed air filtration and dehydration equipment.
Jemaco-Flair Corporation, located in Pusan, Korea, will manufacture and distribute compressed
air dryers and accessories to the Korean market and for export. United Dominion has invested
$1.2 million in the 50-50 joint venture with Jemaco Co., Ltd., a manufacturer of compressed air
dryers and a long-time distributor for Deltech, one of Flair Corporation's product lines.
Varun Flair Filtration, Private Limited (VFFPL) is United Dominion's first joint venture in India.
Located in Jaipur, 150 miles from New Delhi, the joint venture will manufacture a variety of
industrial and automotive filters for distribution in India and for export. United Dominion has
invested $1 million for a 76 percent interest in the operation. VFFPL has acquired the operations
of Varun India, Ltd., which currently produces industrial and automotive filters. The new
venture will continue producing Varun's existing product line, but also will manufacture and
distribute Flair's Dollinger filter products including compressed air, gas and liquid filters,
compressor intake and panel filters and oil mist eliminators.
United Dominion manufactures proprietary engineered products for customers worldwide. The
company employs 10,500 people at 68 plants in 16 countries.
TEL: (704) 347-6838 United Dominion Industries Ltd.
Nancy Spurlock, Media TEL: (704) 347-6529 United Dominion Industries Ltd. |
