PMT Italia and China Paper Machinery Co. (SinoCPMC) have signed a strategic cooperation agreement which includes SinoCPMC’s participation in the share capital of PMT Italia as well as technological and commercial cooperation. The agreement is subject to the approval of the Chinese Authorities, which is expected within the next two months.

Machinery

PMT Italia and China Paper Machinery have signed a strategic cooperation agreement

Apr 18, 2014. /Lesprom Network/. PMT Italia and China Paper Machinery Co. (SinoCPMC) have signed a strategic cooperation agreement which includes SinoCPMC’s participation in the share capital of PMT Italia as well as technological and commercial cooperation. Both companies agree to share technology and trademarks, in order to provide an integrated complete service for the global paper making market jointly. The agreement is subject to the approval of the Chinese Authorities, which is expected within the next two months, as the company said in the press release received by Lesprom Network.

SinoCPMC is wholly owned by Sinolight Group. During the past four years after establishment, it has achieved the acquisition of Sinolight Guotai Machinery Co. and constructed the Hebei branch company, which is equipped with the most advanced machinery and management.

PMT Italia has been operating under this name since year 2000 and was, before this, the leading production facility in Europe for Beloit. PMT Italia owns the complete technology for various kinds of paper machines and the richest manufacturing, project management and service capabilities. It has served and will continue to provide the global market with complete machines and key section technology, from headbox to winder.