UDI-United Dominion Industries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : UDI-United Dominion Industries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Steve Sucheck who wrote (7)	12/2/1996 6:09:00 PM
From: John Sladek	of 42

UDI Forms Joint Venture in China UDI's Marley Cooling Tower division has formed a joint venture in China with Beijing Xingye Industrial Holdings Co. Ltd. (BXI). BXI is partly owned by SINOPEC, China's national petrochemical company. This is Marley's 5th joint venture aimed at selling cooling towers in Asia. They are planning to sell primarily to the chemical and petrochemical industries in China, although the company may export outside China. Udi is giving $665,000 cash, and is transfering technology to the company in exchange for 51% of the joint venture. This is good for the company (assuming the Asian market continues to grow). Regards, John Sladek

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next