Turkey’s Demir Dokum Company has signed a strategic partnership with Hong Kong’s Chung Mei Industries to manufacture oil radiators in China. The Turkish company will relocate its steel radiator plant from Bozuyuk to China’s southern province of Guangdong, reported Hurriyet.
The new facility will be transported to China within two months. Both Turk Demir Dokum and Chung Mei will hold 45 percent shares in the new factory while Ram Pacific will hold the remaining 10 percent share.
Turk Demir Dokum is a subsidiary of the Koc Group. Its principal activity of is the production and marketing of heating and cooling systems for domestic and international markets. Its products include cast-iron radiators, boilers, heaters, gas-fired instantaneous water-heaters, panel radiators, combination boilers and fitted kitchens.
The company exports its product to Germany, Spain, Italy, Greece, France, United Kingdom, Jordan, Israel, Tunisia, Lebanon and Egypt. — (menareport.com)
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