Subsidiary13 Aug 2026, 04:26 pm
Stove Kraft Incorporates China Subsidiary & JV
AI Summary
Stove Kraft Ltd has announced the incorporation of its Wholly Owned Subsidiary (WOS) in China, named "Guangzhou Jiawo Import & Export Co. Ltd." with an initial investment of CNY 10 Million. The WOS has a registered capital of CNY 20 Million. Additionally, Stove Kraft has formed a 50-50 Joint Venture (JV) in China named "Yushan Wosituo New Materials Co., Ltd." with Ningbo Wochi New Materials Co.,Ltd. The JV aims to manufacture triply sheets for cookware. The company's WOS will invest in the JV soon. These strategic moves are intended to expand business operations, secure supply chain control, and achieve better quality and cost advantages.
Key Highlights
- Stove Kraft incorporated a wholly-owned subsidiary in China.
- A 50-50 joint venture has been formed in China for manufacturing cookware materials.
- The company aims to expand operations and improve supply chain control.
- Initial investment in WOS is CNY 10 Million; JV investment to follow.
Price Impact
More from STOVEKRAFT