TURIN, Italy (Nov. 27)—Italian rubber product maker Saiag S.p.A. has signed a deal to make hydraulic hose in China with Chinese firm Shenyang No. 4 Rubber Factory. Saiag´s hose-making subsidiary ITR S.p.A. will invest $3.7 million to set up a plant to make hydraulic hose in Shenyang with SRP. Saiag will have 51 percent of the joint venture, called ITR-Saiag-Shenyang Rubber Products. Total investment in the venture will be $12 million. ITR will contribute what Saiag calls "technologically advanced equipment and know-how," while SRP will put all of its hose, fittings and assembly activities into the operation. It also will contribute its sales network, which Saiag said covers, "the entire country."
Saiag to make hose in China
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