The two companies have signed a memorandum of understanding, and aimed to finalise plans for construction of a site in southern China by the fourth quarter, Sapa, the world’s largest aluminium extrusion company, said in a statement.
They said the venture would be a 50-50 endeavour, but did not disclose financial details.
The new facility will comprise the latest technology for press and fabrication capabilities.
Construction of the site will begin at the end of 2010, but the pair aim to launch products in Q1 2011 through their subsidiaries.
In a statement they said: “The Chinese rolling stock industry has seen a very strong development both in terms of volume and technology. The JV will be able to meet the current needs as well as serving the rapidly increasing technical demands of the rolling stock industry.”
The Sapa Group develops, manufactures and markets profiles, profile-based building systems and heat exchanger solutions in aluminium.
