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Corum company registered a subsidiary in China

Corum company registered a subsidiary in China
4 Февраля 2015

In the end of January, Corum has registered a subsidiary in China - BEIJING CORUM MACHINERY. Registration in the legal field of China - a significant step in the creation of a joint venture with the Taydzhun Corporation.

"The Chinese market has interest in our products due to unique technologies in the production of equipment for thin layer mining, what is now the most important for mining companies in the country" - said the CEO of Corum Yevgeniy Romashchin. - "In the first half of current year, we plan to sign contracts for several units of mechanized systems for underground mining".

On the first stage of cooperation only assembly of equipment will be organized in China, while the production of basic units will be carried out in Ukraine. In prospect, the gradual strengthening of the localization of production is invisaged as well and supply of products of joint venture to the markets of other countries in Southeast Asia.

Recall that in May 2014 during the 18th China Trade Fair for Trade and Investment of the West-East cooperation in the framework of the project "Economic belt of Great Silk Road", the company Corum and «SHAN XI TZ COAL MINE WHOLE-SETEQIUPMENT CO., LTD »(Taydzhun Corporation) signed the Protocol of intentions to set up a joint venture in China.

About the company:

Core competence of Corum is an expertise in the mining business. The company is focused on providing high-tech integrated solutions, manufacturing and service of equipment for mining, processing and transportation of minerals, as well as the construction of mines.

Corum includes production, assembly and repair sites in Ukraine and Russia, trading Companies in Ukraine, Russia, Kazakhstan, Poland and Vietnam.

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