China Joint Venture

Tanfield Group PLC 01 December 2005 Tanfield Group Plc ('the Group') China Joint Venture The Directors of Tanfield Group are pleased to announce that they have signed a Memorandum of Understanding which outlines the basis of a Joint Venture agreement with the Chinese access equipment manufacturer, Wuhan Fachman Industrial Limited. Under the terms of the agreement a joint venture company, Aerial Fachman Limited, will be established in China, and this company will manufacture and market certain products from the Groups range of Aerial access equipment. Whilst initially targeting the fast growing Chinese market, the Group may ultimately source equipment for certain export markets, particularly where shipping costs make it advantageous to do so, from the joint venture company. Enquiries: Roy Stanley, Chief Executive, Tanfield Group Plc Tel. 01207 521111 Ruari McGirr, Daniel Stewart & Company Plc Tel. 020 7776 6550 This information is provided by RNS The company news service from the London Stock Exchange
UK 100