On December 15, KTK Group Co., Ltd. in Changzhou and Nabtesco Corporation signed an agreement on establishing a joint venture named Jiangsu Nabtesco KTK Railroad Products Co., Ltd. This new company is specialized in producing automatic door and breaking system for Metro vehicle, with a registered capital of USD 215.6 billion. The total investment is USD 455.1 billion, of which KTK and Nabtesco both contributed 50%. The project is scheduled to start construction in February, and will be officially put into operation in August. Based on such a growth point, KTK will probably double its capacity in a short phase, looking forward to the sales of RMB 10 billion within three years. As a world famous company in the field of automatic door production, Nabtesco developed Japan's first set of automatic door and has maintained its leadership in technology, quality and service. In 2006, Nabtesco and KTK carried out part of technology transfer and cooperation, which has achieved a win-win result. |