Elematic pens production partnership with China National Building Materials

Source: Elematic Oy, Finland

Elematic is extending its precast concrete production technology through a joint venture agreement with China Triumph International Engineering Group Co., CTIEC), part of China National Building Materials Co.

The Shanghai-based joint venture, of which Elematic holds a 60 percent share, will be operational by year’s end. It will entail sales, marketing, and related support of precast concrete equipment and production lines in China. CTIEC offers what Elematic notes is an internationally experienced partner with a solid status in  building construction, machine installation and consultancy in localization.