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[August 2006]
Thermal Ceramics Announces New Joint Venture
Thermal Ceramics has successfully signed a contract to form a joint venture with Beijing Yingtelai of China to manufacture a full range of textile based products. The new joint venture is named Beijing Yingtelai Morgan Thermal Ceramics Textiles Co Ltd and will be registered within the next few months.The range of products to be incorporated into the joint venture include yarn, cloth, tape, twisted rope and friction materials. These materials will be sold domestically and globally into the market sectors of fire protection, automotive and industrial insulation. This dynamic business is located in the Changping area of Beijing.
Christophe Guillot, CEO of the Thermal Ceramics Division, said: "I am very pleased to welcome the employees of the new Joint Venture Company to Thermal Ceramics and we are confident of expanding their global reach through our distribution channels and sister companies".
www.thermalceramics.com
ENDS