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Bosch Rexroth and Weifu Group plan to form a joint venture in Wuxi, Jiangsu, to develop, make and sell hydraulic products for the Chinese market. Bosch Rexroth will merge its subsidiary Lezhuo Hydraulics into the venture, which still needs regulatory approval.
“The two parties will join forces to create mobile machinery and industrial hydraulic products for the Chinese market.”seetaoe.com
Summarized from public sources; check the original articles before acting on it.