On 27th of January 2011 the general overseas manager Mr.Li Qiang of China Petroleum technology develop Company (CPTDC) and sales manager of Victoria company visit our company together.They are very interested in setting up a joint venture threading factory with HengYang factory in Africa, on 28th of January 2011 , Vice present Mr.Tang of Valin HengYang ,Vice present Mr.Yin of Valin Heng Yang,and the general manager Mr.Chen of HY international trading company , manager Mr.ou of invest department meet the Clients in the meeting room 203 of east office building,After discussed with CPTDC and Victoria ,we reached an agreement about a joint venture threading factory as below:
1, Tripartite plan to set up an OCTG processing joint venture company together in Africa, engaged in OCTG threading processing,and provide OCTG and related services to Libya markets.
2, The joint venture company needed mother tube materials only supplied by hunan HengYang Valin steel tube Co.,LTD and its affiliates,.
3. Each will negotiate and sign a series of legal documents ,joint venture agreement formally and so on, At the same time Tripartite will establish a joint venture as soon as possible after feasibility study of project .