October 29, 2008
Dutch poultry equipment manufacturer, Vencomatic B.V., has recently signed a letter of intent with Shanghai Extra Machinery Co., Ltd from China to work together in a joint venture.
The joint venture would be called Venco-Extra (Shanghai) Poultry Equipment Co., Ltd, and would start on November 1, 2008.
Venco-Extra will focus on the sales and production of poultry equipment for the local Chinese market. Starting with solutions for automatic hatching egg collection, the company will introduce Vencomatic's products to the Chinese market.
This move will enable Vencomatic to strengthen its position in the Asian market, especially in the fast-growing Chinese poultry market, according to Koen Boot, General Director of Vencomatic.