Triton Launches First Joint Venture in China
2005-09-20
September 20, 2005 - Wenling, Zhejiang Province, China - Triton signs a cooperation agreement with Gego to form a new company, Triton Gego Manufacturing Co., Ltd., that will take advantage of the region's low labor cost and Triton's management skills to reduce costs for Triton's North American customers. Triton will own 51% of the shares and control business operations. The joint venture will target the booming Chinese auto-parts market and serve as Triton's operational hub to coordinate with its two dozen contract manufacturers across China. The 8,000 square foot facility houses dozens of CNC mills, numeric-controlled lathes, and other manufacturing equipment.