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China
Companies Establish Joint Venture with a Corporate Sales Office
in the United States
Shanghai, P.R. China : Jerry Tu, CEO and founder of IFA Foundry
Company Ltd. and Dr. Song Yuan Lin, President of Shiyuan Sports
Apparatus (Shanghai) Co. Ltd. are pleased to announce that a joint
venture has been established between IFA Foundry Corporation, Carlsbad
Ca, USA and Shiyuan Sports Apparatus (Shanghai) Co. Ltd. The new
venture will operate under the name IFA / Shiyuan and will maintain
a sales office located in Carlsbad, California with manufacturing facilities
in Shanghai, P.R. China.
Both Jerry Tu, and Dr. Song Yuan Lin, have expressed excitement
and optimism about this unique opportunity for Shiyuan to move to
a tier one direct supplier to the OEM market with manufacturing
in China and marketing and selling of golf club heads to a worldwide
market with a sales office strategically located within the US golf
companies backyard.
Shiyuan Sports Apparatus (Shanghai) Co, Ltd, established in 1993
in Oriental Pearl Shanghai, was the first company in mainland China
to offer formed Titanium metal woods for the OEM golf market place.
The 280,000 square foot manufacturing facility, with 210l employees
is logistically located close to the PuDong airport. Shiyuan prides
itself with the development of new technology and leads the industry
in this field and having the capacity to produce 100,000 formed
Titanium metal woods for the world market This joint venture has
developed and will utilize several new technologies along with graphite
shaft and club assembly capabilities and will be offering 150,000
pieces per month of stainless steel investment cast golf components
from their newly developed 50,000 square foot manufacturing facility
in Shanghai to the OEM worldwide market place in Q4 - 2004.
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