ERJ staff report (DS)
Qingdao Free Trade Zone, China - Mesnac Co., Ltd. Is to purchase 100 percent shares of P & D Company, which means it will control 66.7 percent shares of the Chinese company, Beijing Jingyie Mechanical Equipment Co., Ltd. The purchase follows its acquisition of Wyko Tire Technology on 1 December 2011.
Beijing Jingyie is a sino-foreign joint venture enterprise specialising in design and manufacturing of tyre building machines for passenger car tyres. The â€œJingyieâ€ brand is well-known and recommended by China Rubber Industry Association. Mesnac said the company owns various domestic and international high-end customers, and obvious export advantages, as well as strong competiveness in the international market.
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Press release from Mesnac