1st Dec 2005 07:01
Tanfield Group PLC01 December 2005 Tanfield Group Plc ("the Group") China Joint Venture The Directors of Tanfield Group are pleased to announce that they have signed aMemorandum of Understanding which outlines the basis of a Joint Ventureagreement with the Chinese access equipment manufacturer, Wuhan Fachman Industrial Limited. Under the terms of the agreement a joint venture company, Aerial FachmanLimited, will be established in China, and this company will manufacture andmarket certain products from the Groups range of Aerial access equipment. Whilstinitially targeting the fast growing Chinese market, the Group may ultimatelysource equipment for certain export markets, particularly where shipping costsmake it advantageous to do so, from the joint venture company. Enquiries: Roy Stanley, Chief Executive,Tanfield Group Plc Tel. 01207 521111 Ruari McGirr,Daniel Stewart & Company Plc Tel. 020 7776 6550 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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