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.