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Picanol BMT Form China Collaboration

Picanol, BMT Form China CollaborationBelgium-based Picanol has had a presence in China for some time with PST, an assembly plant for weaving machines, and Amtech, a production unit for mechanical parts. The latter unit will now be converted into a joint venture with the BMT group, Belgium, for the manufacture of machine parts and transmissions. Under the agreement, MCW, the gear department of BMT, will acquire a 50-percent stake in Amtech.October 2001




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