II-VI Incorporated, Saxonburg, PA has announced entering into a joint venture with Beijing Supower Science and Technology Developing Co., Ltd.
The joint venture will operate as Langfang Haobo Diamond Co., Ltd. and will be based in Beijing, China. Lanfang will produce chemical vapor deposition (CVD) diamond, CVD diamond coated products and laser cutting machines for superhard materials.
"The formation of this joint venture represents a significant step in II-VI's continuing globalization, product diversification and commitment to invest in technologies for high quality and low cost engineered materials and components," said Francis J. Kramer, president and chief executive officer of II-VI, in making the announcement.
Under the joint venture arrangement, Supower will be the majority shareholder and II-VI will be the minority shareholder.
ii-vi.com
"The formation of this joint venture represents a significant step in II-VI's continuing globalization, product diversification and commitment to invest in technologies for high quality and low cost engineered materials and components," said Francis J. Kramer, president and chief executive officer of II-VI, in making the announcement.
Under the joint venture arrangement, Supower will be the majority shareholder and II-VI will be the minority shareholder.
ii-vi.com
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