New JV in China: Venco-Extra Poultry Equipment
At VIV China 2008, Vencomatic B.V. from the Netherlands and Shanghai Extra Machinery Co., Ltd. from China signed a letter of intent to work together in a joint venture called Venco-Extra (Shanghai) Poultry Equipment Co., Ltd.
This new joint venture starts 1 November, 2008.
Venco-Extra Poultry Equipment Co., Ltd. will focus on the sales and production of poultry equipment for the local Chinese market. Starting with solutions for automatic hatching egg collection, the company will introduce the products of Vencomatic to the Chinese market.
Koen Boot, general director of Vencomatic B.V: “With this letter of intent Vencomatic strengthens its position in the Asian market. Together with Shanghai Extra we can perfectly serve our local customers in China. We think the Chinese poultry market is growing fast and becoming a more professional market with a high potential for the Vencomatic group products. Our product package matches very well to the Chinese market for hatching and table egg collection.”
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