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Leoch International Technology Ltd Announces Formation Of Joint Ventures


Friday, 7 Jun 2013 04:43am EDT 

Leoch Investment Technology Ltd announced that it has entered into the Joint Venture Agreements with PT A in relation to the formation of the Production Company and the Distribution Company in Indonesia for the purpose of continuously expanding the Group’s production capacity and sales volume of lead-acid batteries in Southeast Asia and further extending and reinforcing its presence in the Southeast Asian market, in particular the market and production capacity of lead-acid batteries for automobiles and motorcycles. The Production Company will be engaged in the production of lead-acid battery products, with 51% of the total investment contributed by Leoch Investment, while Distribution Company will be engaged in the sales of lead-acid battery products, with 49% of the total investment contributed by Leoch Investment. 

Company Quote

1.53
0.03 +2.00%
22 Oct 2014