The JV will initially focus on manufacturing and sales of multipurpose mining vehicles and related accessories in the Chinese mining market. The company will be established to Daye, Hubei Province in China.

“With this joint venture we aim together with our partner to provide state-of-the-art mechanised mining equipment which will improve productivity, safety and efficiency for our Chinese customers. This joint venture agreement is in line with Normet strategy to develop even stronger foothold in China and with an experienced industrial partner like JCHX this will happen faster,” said Robin Lindahl, president and CEO of Normet Group.

“We at JCHX Mining are excited to partner with Normet for this joint venture and value specially the long experience and quality of Normet technologies as well as their strong process know-how,” added Zhanmin Li, president of the JCHX Mining Group.