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[March 2005]
Sanitec Deepens Cooperation With HoCheng
Sanitec Corporation (Helsinki, Finland) has signed a Letter of Intent with HoCheng in Taiwan, one of the biggest ceramics producers in the area. The agreement comprises project management and technical support for the construction of an acrylic bathtubs production plant, to be located in nearby Shanghai, China. The construction of the plant is scheduled to start in 2005 and it is planned to be operative by 2006.
Sanitec and HoCheng have maintained a successful cooperation in the areas of ceramics production as well as cross sales for a couple of years already.
"Deepening our partnership with HoCheng constitutes a step forward in the expansion of our activities outside Europe," said Mats Bergdahl, Corporate Vice President, External Sourcing, CA&E Division. "Until now Sanitec has been present in China with our Keramag and Ido brands, mainly with bathroom ceramics, and a representative sales office in Shanghai."
ENDS