STOCKHOLM, Sweden, Dec. 1, 2005 (PRIMEZONE) -- Trelleborg Engineered Systems, a business area within the Trelleborg Group, has established a joint venture with RPM Engineering Corporation for the satellite production of composite hoses in China. The new company, Trelleborg Composite Hose Shangyu Company Ltd, will be owned equally by the two parties. The manufacture of high-quality composite hoses will commence at RPM Engineering's production facility in Shangyu City, in the province of Zhejiang, in central China. The Trelleborg Group will contribute with certain machinery and technical expertise. This niche product is aimed primarily at the Chinese/Asian market, with customers mainly in the chemical and petrochemical processing industries. Initially the company is expected to generate sales of SEK 20 M. The ambition is to use Trelleborg Composite Hose Shangyu Company Ltd for continued expansion in the Chinese/Asian market in selected hose segments.
Trelleborg is a global industrial group. Operations are based on spearhead competence within polymer materials and a high level of industrial know-how, combined with functional solutions and systems designed to meet the needs of our customers. The Trelleborg Group has annual sales of approximately SEK 23 billion, with about 22,000 employees in 40 countries. Trelleborg consists of five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been quoted on the A list of the Stockholm Stock Exchange since 1964. www.trelleborg.com
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