18th Jun 2007 16:00
Bodycote strengthens Asian Thermal Processing presence with acquisition of Ningbo Jiangdong Ruidahong Heat Treatment Co. Ltd (`RHT') in China
Bodycote International plc has today acquired Chinese heat treatment company, Ningbo Jiangdong Ruidahong Heat Treatment Co. Limited. This is the second company the group has added to its Chinese heat treatments division as part of its strategy to expand heat treatment operations in emerging economies. RHT operates from two facilities in the Yangtze River Delta, approximately 300 km south of Shanghai and the existing Wuxi heat treatment centre.
Founded by Mr Zhou Wen Yong and Mr Hong Bo in 1998, RHT provides protective atmosphere heat treatment services and associated testing support to local businesses who supply a number of leading Western based OEMs in the automotive, power tools and agricultural sectors.
Existing local management will continue to guide operations and a major local customer has entered into a three-year strategic outsourcing agreement with the business. Sales in 2006 were ‚£2m.
Bodycote intends to grow its business in China by adding at least one new location every year as part of a five-year strategic plan.
18 June 2007
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