New business sealed in China

The Romanian business people that visited China have concluded a series of partnerships with their Chinese counterparts and signed a few export contracts. Pharmaser Pitesti will therefore build a drug-making complex worth $10 million, while the Chinese party will contribute the production license. The Chinese business people will also invest in two production lines, one of which will be built in co-operation with Tehnoton Iasi and make radios and TV sets, while the other will be built in co-operation with Confex and make apparel. Kvaerner IMGB sealed four export contracts in excess of $3 million together and Antibiotice Iasi is to export products worth more than $1 million. Alexandrion Group Romania in its turn dedicated a representative office in Beijing. ZF