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Spanish transformer manufacturer IMEFY and Chinese partner Yangdian Science & Technology signed a shareholder agreement to establish a joint venture in Taizhou, China. The JV aims to produce 10,000 oil-immersed transformers and 10,000 transformer cores annually within 5.5 years.
“Yangdian has signed a shareholder agreement with IMEFY to establish the JV, the Taizhou-based company announced yesterday.”yicaiglobal.com
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