RotaBolt to open new fastner production facility in Taipei in a joint venture with Coretect.
Jul 17, 2013 (Menafn – M2 PRESSWIRE via COMTEX) –In direct response to the major growth in demand for RotaBolt technology throughout South East Asia, and in particular from Taiwan, the Company is to open a new production facility in Taipei as a joint venture with Coretech, who have been distributing RotaBolt fasteners throughout Taiwan for the last three years.
“The take-up of our measurement technology has been dramatic,” commented Rod Corbett, MD of RotaBolt, “in the petrochemical sector, word has begun to spread about our successes in achieving leak-free operations – the potential for us is substantial. In time, this new facility will enable us to realise that potential.”
It is planned that the new plant will begin production in the late summer. Initially its output will be servicing the rapidly increasing local demand, but the Company already has established successes in other countries including mainland China and Malaysia, and sees the beginning of production in Taiwan as a major step forward in helping to extend the application of its technology across a variety of sectors in S.E. Asia. (…)
via RotaBolt To Produce Fasteners In Taiwan – Financial and Business News – MENAFN.