Chen Hsong Holdings signed agreement with Mitsubishi

 Chen Hsong Holdings Limited announced that it has entered into agreement in connection with the business collaboration with Mitsubishi Heavy Industries Plastic Technology Co., Ltd., one of the leading Japanese manufacturers worldwide, regarding the manufacturing and OEM manufacturing of Large Sized Hydraulic Injection Molding Machine. Under the License Agreement, Mitsubishi has granted the Chen Hsong to use Mitsubishi's technology and know-how necessary for the manufacture and sale of large size two platen type hydraulic injection molding machines exclusively in the People's Republic of China, Hong Kong, Macau and Taiwan and non-exclusively in other regions. A newly designed large sized two platen hydraulic injection molding machine will be manufactured at Chen Hsong's production facilities in the People's Republic of China, focusing mainly on energy efficiency and better price-performance ratio.
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