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Article Excerpt
PROJECT OVERVIEW:
An American/Hong Kong joint venture was recently established in view of building a new lubricants plant in China. The partners in the planned undertaking included US-based AMALIE OIL CO. and GEOMAXIMA HOLDING CO. LTD. of Hong Kong. According to Zhao Wenxing, GEOMAXIMA Deputy General Manager, the project is to be implemented in 2 phases. .
The first stage, of undisclosed cost, will involve building a factory in Jinzhou in northeast China's Liaoning province. This unit will be involved in the processing of high-quality lubricant with raw materials supplied by AMALIE.
In a second phase, another factory is to be built in Shanghai's Pudong area. However, the planning for this unit is still said to be under way.
AMALIE, a subsidiary of PACKERS ACQUISITION CORP., employs a total staff of about 90. The company is engaged in the manufacture of lubricating oils and greases as well as plastic bottles.
COPYRIGHT (Cr) by WWP Inc. 2001 The data contained in this report may not be reproduced, redistributed and/or put in an information retrieval system without the prior written permission of the publisher. Companies that have multiple users are invited to consider our heavily discounted site license.
KEY PROJECT CONTACTS:
Harry J. Barkett, Chairman & President Dennis Madden, Vice-President Richard Barkett, Treasurer AMALIE OIL CO. 1601 Mcclosky Blvd, Tampa, FL 33605-6731, USA Ph. (813) 248-1988 Zhao Wenxing, Deputy General Manager GEOMAXIMA HOLDING CO. LTD. NB: The GBEOMAXIMA contact is current...
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