Chino Corp., which produces measuring instruments, said Monday it will set up a joint venture in China’s Jiangsu Province in July with Shanghai Automation Instrumentation Co.
The venture, Chino Instrumentation (Kunshan) Co., will manufacture and market measuring and control equipment.
It will be capitalized at $1.6 million and owned 80 percent by Chino and 20 percent by Shanghai Automation, a control systems and instruments maker, Chino said in a news release.
The new firm, which will be based in Kunshan, is expected to start operating in October.
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