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Seiko Epson, Beijing San Huan finalize tie-up

Posted: 03 Dec 2002 ?? ?Print Version ?Bookmark and Share

Keywords:beijing san huan? shanghai epson magnetics? shanghai precision & scientific instrument? rare-earth bonded magnets?

Beijing San Huan New Materials High-tech Inc., a holding company of the Chinese Academy of Science, has agreed to take an equity stake in Shanghai Epson Magnetics Co. Ltd, a joint venture of Seiko Epson Corp. and Shanghai Precision & Scientific Instrument Co. Ltd.

As a result of the tie-up between Seiko Epson and Beijing San Huan New Materials High-tech, the manufacture of rare-earth bonded magnets currently handled by Beijing San Huan New Materials High-tech Inc. will be entirely consolidated within Shanghai Epson Magnetics. Shanghai Epson will leverage each company's R&D, sales, engineering, and manufacturing capabilities.

Additionally, with Shanghai Epson 's plans for construction of a new factory, the company received an additional investment in February 2000 from Epson Co. Ltd, Seiko Epson's regional headquarters in the China area.





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