Farrel to sign with Chinese partner

By David Shaw, ERJ staff

Dusseldorf, Germany–Alberto Shaio, chief executive officer of Farrel Corp expects to sign a joint venture with a Chinese machinery maker in the next few days.

Speaking at the K show, Shaio told ERJ that his company expects to sign the deal in early November. The Chinese company will assemble kits of parts shipped to them by Farrel. Some of those parts will come from Farrel’s US facilities, but most will come directly from Farrel’s out-sourcing partners, many of whom are in…

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