Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
China Rare Earth, Siemens to launch China JV

Oct. 21, 2009 (China Knowledge) - China Rare Earth Holdings Ltd<0769> will establish a joint venture in China with Siemens' OSRAM, said the Chinese company in a statement on Monday.

The JV, which will have a registered capital of EUR 14.5 million, will be engaged in R&D, production and sales of phosphor products for the lighting industry, according to the statement.

The JV will involve a total investment of EUR 43.5 million, and be 49.9% held by China Rare Earth and 50.1% by OSRAM.

China Rare Earth said that it will use internal resources and bank loans to fund a capital contribution of about HK$83.2 million.

The JV will produce up to up to 2,000 tonnes of tri-band phosphor annually when it is in full operation, and products will target both China and overseas market.

China Rare Earth, based in Wuxi, Jiangsu Province, is mainly engaged in the manufacture and sale of rare earth products and refractory products in China, Japan, Europe and the U.S.

Copyright © "2013"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services
 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved