China Drying Net Kaishan Co., Ltd. announced on the evening of the 6th that the company and Luoyang Longhua Heat Transfer Energy Conservation Co., Ltd. had signed the “Letter of Intent for Investment Cooperation†in Shanghai. It is planned to jointly invest with Longhua Energy in the Pudong New Area of ​​Shanghai to establish a company engaged in R&D, design and production of heat exchangers with a total investment of 50 million yuan. The company has subscribed for a capital contribution of 25 million yuan, which accounts for 50% of the registered capital. Longhua energy conservation has registered a contribution of 25 million yuan, which accounts for 50% of the registered capital. The capital contribution methods are all currencies.
The business scope of the joint venture company: R&D, production and sales of high-efficiency heat exchangers, research and development of energy-saving technologies, production and sales of energy-saving products, and sales and system integration of waste heat power stations (according to the final approval of the industrial and commercial registration authority). The joint venture company will use Longhua energy-efficiently to use the existing high-efficiency evaporative cooling (condensation) technology, and Longhua energy conservation will be responsible for the formation and training of the production and installation personnel of the joint venture company, and will use Longhua energy conservation's own market resources to set up waste heat for the joint venture company. The power station promotion and application team assisted the joint venture company in developing the waste heat power station market.
The company stated that the establishment of the joint venture company is fully integrated with the development plan, resource conditions and market demands of the company and Longhua energy-saving parties, providing favorable conditions and a good platform for both parties to strengthen technical cooperation and enhance the performance of the company's products, which is beneficial to improving both products. The overall effect of the combined application is conducive to providing customers with better products and services through deeper cooperation between the two parties and achieving the purpose of win-win cooperation.
Jiangyin Yuanlv New Energy Materials.Co.,Ltd , https://www.yuanlval.com