Oak Technical enters into joint venture in China

NOV. 24–SHIJIAZHAUN, CHINA–Oak Technical Inc. (Stow, Ohio) has entered into a joint venture agreement with Hongray, a manufacturer located in this Hebie province town three hours southwest of Beijing.

Oak Technical owns 70 percent of the plant that will produce gloves on Oak equipment to Oak specifications. This plant will also be certifified by the Food and Drug Administration and the International Organization for Standardization.

Gloves will be produced by Hongray under Oak’s direction.

Long term plans are for customers to have three tiers to choose from:

Tier 1: Oak gloves produced in the U.S.A. on Oak equipment in Oak Plants to Oak specifications.

Tier 2: Oak gloves produced in China on Oak equipment by Hongray to Oak specifications.

Tier 3: Oak branded gloves produced in China on Chinese equipment to Oak specifications. These gloves will be produced by Hongray.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.