Pacific Vista Industries Inc. (PVI) joint venture with Tangsham Metallurgical Industrial Co. (TMI) The People's Republic of China.LAGUNA NIGUEL, Calif.--(BUSINESS WIRE)--Sept. 13, 1995--A feasibility report (the "Report") has been completed and received by the management of TMI TMI Too Much Information TMI Three Mile Island TMI TRMM Microwave Imager TMI Transactions on Medical Imaging TMI Texas Military Institute TMI Teen Missions International TMI Tauber Manufacturing Institute . It consists of two major parts; (i) an "Overview of the Electrolytic e·lec·tro·lyt·ic adj. 1. Of or relating to electrolysis. 2. Produced by electrolysis. 3. Of or relating to electrolytes. e·lec Tinplating tinplating Applying a coating of tin to thin steel sheet either by dipping in molten metal or by electrolytic deposition (electroplating); almost all tinplate is now produced by the latter process, in which the tin coating is applied without heat. Industry" and (ii) the "Electrolytic Tinplating Plant." The report clearly defines and justifies how important this industry is to the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China (the "PRC"), its profit potential as well as the positive effect on future development of PRC industries. The technology for the "Continuous Electrolytic Tinplating Steel Factory" is one of the most advanced operations in the industry. As background, the need for electrolytic tinplating steel is more than 700 percent of the PRC's current production and imports at this time. The demand is expected to continue to be greater than production over the next decade. Canning material is high priority in China as food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. has not been modernized as in Western countries. If TMI receives the Government's formal approval regarding the Report, they will invite PVI's management to Tangsham for the signing of a joint venture which is estimated to be in early October. PVI See Present Value Index. will coordinate the total project in terms of plant facilities, equipment engineering and site construction. The scope of the joint venture will be approximately $120 million (U.S.) and will be subject to PVI obtaining the necessary financing as well as all required statutory approvals. CONTACT: Performance Financial Services Corp., Plantation, Fla. Allen Jones, 305/370-2610 |
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