Carlisle Establishes Joint Venture in China.SYRACUSE, N.Y.--(BUSINESS WIRE)--Feb. 16, 1999--Carlisle Companies Incorporated (NYSE NYSE See: New York Stock Exchange : CSL (Computerese as a Second Language) Said of people who love to speak high-tech words even though they often use them erroneously. See TLA. 1. CSL - Computer Structure Language. A computer hardware description language, written in BCPL. ) announced today that its Walker Stainless Equipment Company has established a joint venture with Shanghai No. 1 Chemical Machinery Plant in Shanghai, China. The joint venture will produce stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. in-plant processing equipment for food, dairy, beverage and pharmaceutical markets in China. John Barsanti, President of Walker Stainless Equipment Company, stated: "There is a growing demand in China for high-quality stainless steel products. Our existing base of multi-national customers generates much of this demand. We are pleased to join with Shanghai No. 1 Chemical Machinery Plant to serve this market. The joint venture will combine our manufacturing and engineering expertise with Shanghai No. 1's reputation as a reliable source of quality fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. ." Terms of the transaction were not disclosed. Carlisle is a diversified diversified (di·verˑ·s manufacturer of products serving four major markets: construction materials, industrial components, automotive components and general industry. |
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