Parker Hannifin sets up hydraulic components JV in China

Cleveland, Ohio–Parker Hannifin Corp. is teaming up with China’s Tianjin Tejing Hydraulics Co. Ltd. to produce hydraulic components and systems at a joint venture in China.

Parker Hannifin will be the majority partner in the new venture known as Parker Tejing Hydraulics (Tianjin) Co. Ltd. The business included in the joint venture generated sales of $20 million last year, Parker said.

The agreement with Tejing will enable Parker to make a range of hydraulic devices for mobile equipment in the burgeoning China market, the company said. Tejing…

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