According to Bonney Forge CEO John Leone, the joint venture company will take advantage of SBPP's production facilities in Shanghai, and Bonney Forge's engineering, manufacturing and marketing experience.
Bonney Forge Leads Chinese Joint Venture
June 4, 2003
Bonney Forge Corp. has entered into a joint venture with Shanghai Bolley Pipeline Products Co. Ltd. (SBPP) of China and BFE S.p.A of Italy (BFE) to produce and sell cast steel valves in international markets. Bonney Forge is the majority partner in the venture, which will be located in Shanghai and named SBP Limited.