Muyang creates Joint Venture with WEM Automation

Muyang Group had signed an agreement with the Wisconsin-based WEM Automation International, LLC. on March, 2011, to create a joint venture Muyang-WEM Automation Co Ltd. According to the Agreement, Muyang holds 51 percent of the shares in the joint venture and shall take the charge of operating the new company.

The joint venture will be located in the Hanjiang Economic Zone, Yangzhou, China. The completion of the transaction is expected to occur in approximately the next 6 months following the execution of final agreements. Both companies are highly satisfied and looking forward to achieve the envisioned global growth targets together. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers