Uni Abex Alloy Products Ltd has informed that the Company on February 08, 2008 has executed an Agreement for Joint Venture with Manoir Industries of France in relation to the marketing and manufacture of Reformer Tubes.
Manoir Industries, France, is a manufacturing Company with a broad capability in specific sectors of Chemical, Petrochemical and Refinery markets and operates 6 foundries and 5 forging plants throughout the world. Two of these foundries Pitres located in France and Yantai in China produce more than 6000 metric tonnes per annum of centrifugally cast tubes and statistically cast products in heat-resistant alloys, which makes Manoir Industries, the worlds largest producer of these products.
In initial stage, Phase-I, JVC with marketing experience and network of Manoir will be marketing Reformer Tubes and Uni Abex Alloy Products Ltd. (Uni Abex) will be involved in the manufacturing activities with free technical assistance for Manoir (only reimbursing of expenses for their technical personnel) relating to Casting and Fabrication work for the same, for which Uni Abex will get firm orders from JVC of a minimum volume, which will be larger than the existing turnover of Uni Abex in this line of business.
In Phase-II which should commence within a period of three years, JVC will set up its own fabrication shop with advanced technology and knowhow of Manoir and purchase cast tubes from Uni Abex manufactured with technical assistance provided by Manoir.
Manoir Industries, France, is a manufacturing Company with a broad capability in specific sectors of Chemical, Petrochemical and Refinery markets and operates 6 foundries and 5 forging plants throughout the world. Two of these foundries Pitres located in France and Yantai in China produce more than 6000 metric tonnes per annum of centrifugally cast tubes and statistically cast products in heat-resistant alloys, which makes Manoir Industries, the worlds largest producer of these products.
In initial stage, Phase-I, JVC with marketing experience and network of Manoir will be marketing Reformer Tubes and Uni Abex Alloy Products Ltd. (Uni Abex) will be involved in the manufacturing activities with free technical assistance for Manoir (only reimbursing of expenses for their technical personnel) relating to Casting and Fabrication work for the same, for which Uni Abex will get firm orders from JVC of a minimum volume, which will be larger than the existing turnover of Uni Abex in this line of business.
In Phase-II which should commence within a period of three years, JVC will set up its own fabrication shop with advanced technology and knowhow of Manoir and purchase cast tubes from Uni Abex manufactured with technical assistance provided by Manoir.
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