Hong Kong-based Fong’s Industries Co.
Ltd. and The Netherlands-based Stork NV’s Stork Prints division have announced plans to form a
joint venture for the production, sales and service of rotary textile printing systems and
auxiliaries in Asia. The companies expect to reach final agreement on the deal within the next few
months.
“This alliance makes sense and will have a positive impact on the global markets,” said Dick
Joustra, president, Stork Prints. “The proven technology by Stork made to the high quality
standards of Fong’s is an attractive combination and will be beneficial for all our customers.”<
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April 11, 2006
