CMI Forms Partnership with Yawei and TaFu in China.Equity Investment Expands CMI's Worldwide Door Manufacturing Network CHICAGO -- CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. , the Chicago-based manufacturer and marketer of CraftMaster([R]) Interior Doors, announced today it has made an equity investment in Fudun and entered into a joint venture partnership with Yawei and TaFu, makers of particleboard par·ti·cle·board or particle board n. A structural material made of wood fragments, such as chips or shavings, that are mechanically pressed into sheet form and bonded together with resin. , door facings and related products located in Dunhua, Jilin Province, PRC. The move expands CMI's manufacturing network and is aimed at helping the company grow its international molded interior door business, particularly in Asia, India and the Middle East, while better positioning CMI for the domestic new construction market recovery. CraftMaster Asia, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CMI, will manage the partnership with Fudun. Terms of the transaction were not disclosed. CMI currently operates manufacturing plants in Towanda, Pa., Christiansburg, Va., Ozark, Ala, and Garland, Texas Garland is a city in Dallas County, Texas, (USA). It is a northeastern suburb of Dallas and is a major part of the Dallas-Fort Worth Metroplex. As of the 2000 census, the city had a population of 215,768, making it the tenth-most populous city in Texas and the eighty-sixth most . "Fudun is one of the largest and most respected timber and wood products companies in China. This partnership allows CMI to further penetrate the fast-growing market for molded interior doors in Asia and other international markets where urbanization, rising incomes and other factors are contributing to tremendous growth in residential housing," said Bob Merrill Bob (Robert) Merrill (born Henry Levan May 17 1921 - February 17 1998) was an American composer and lyricist. According to the IMDb Merrill was born in Atlantic City, New Jersey. Other sources claim he was born and raised in Philadelphia in 1923. , CMI president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Through Fudun's door facing manufacturing plant in northeastern China, we will better serve CraftMaster customers outside the U.S. and enhance future product innovation for these regions." George Mak, chairman, Fudun, said, "We are very pleased to enter into agreement with the makers of the CraftMaster brand, which is known worldwide and highly valued in Asia and Europe as the premier door facing product." Jilin Fudun Timber Co. is a joint venture created by Dunhua Shaving Boards Factory and Hongkong Fulbond Holdings Ltd. It is one of the 100 largest timber enterprises in China. At its facility in Dunhua, Fudun operates a fully integrated production line capable of producing door skins as well as flush and embossed em·boss tr.v. em·bossed, em·boss·ing, em·boss·es 1. To mold or carve in relief: emboss a design on a coin. 2. HDF (Hierarchical Data Format) A file format for scientific data that is developed and maintained by NCSA. Governments and research organizations around the world use HDF for archiving and distributing collected data. HDF - Hierarchical Data Format sheets for use in the furniture and door industries. With a heritage in the building products industry dating back to 1968, CMI manufactures three diverse, yet complementary product lines for the residential, commercial and industrial markets: CraftMaster Interior Doors, MiraTEC([R]) Treated Exterior Composite Trim and Extira([R]) Treated Exterior Panels. For more information, call 1-800-405-2233 (U.S.) or visit www.cmicompany.com. In Asia, India and the Middle East, contact Steve Fancher at steve.fancher@cmicompany.com. |
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