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Dyeing Printing & Finishing

Xorella Fong39 S Cooperate To Form New Company

Xorella AG, Switzerland, and Hong Kong-based Fongs Industries Co. Ltd. have announced a cooperation agreement and the formation of Xorella Hong Kong Ltd., which now holds 100 percent of Xorella AG.Freddy Wanger, chairman, Xorella, said the company had been looking for a strong partner for some time and sought a long-term solution to expand its presence in the global market. Xorella believes Fongs shares its values and vision for the future.Wanger stated that Xorella will continue to manufacture its steam setting and conditioning machinery in Switzerland. If, in the future, the decision is made for Fongs to manufacture Xorella equipment, such equipment will be sold onlyto the Chinese market.

November 2002




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