The underground construction equipment market in China will benefit from a new joint venture formed between Normet Group and Chinese JCHX Mining Management Co Ltd for manufacture and sales of machines for the Chinese market.
The joint venture company, which will be established in Daye, Hubei Province in China, will initially focus on manufacturing and sales of multipurpose underground construction vehicles and related accessories.
“With this joint venture we aim together with our partner to provide state of the art mechanised equipment which will improve productivity, safety and efficiency for our Chinese customers. This joint venture agreement is in line with Normet strategy to develop even stronger foothold in China and with an experienced industrial partner like JCHX this will happen faster” said Robin Lindahl. President and CEO of Normet Group.
“We at JCHX Mining are excited to partner with Normet for this joint venture and value specially the long experience and quality of Normet technologies as well as their strong process know-how” said Mr. Zhanmin Li, President of the JCHX Mining Group.
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