On the Establishment of a Joint Venture with China Dawu Jianchang Copper Industry Co., Ltd.
TOUCHI INTERNATIONAL CORP. has reached an agreement with Da Wufeng Jianchang Copper Industry Co., Ltd., a major copper processing company in China, to establish a joint venture and strengthen the international production and supply system in the non-ferrous metals field.
Background and Significance of the Joint Venture Establishment
China is the world's largest consumer of copper, and the demand for copper products, especially in the electrical/electronic and construction sectors, is rapidly increasing. Dawufeng Jianchang Copper Industry Co., Ltd. is a copper processing company with high technical capabilities and production capacity in China. Through the establishment of this joint venture, our company will establish a supply system for high-quality and competitive copper products that integrates Japan's strict quality standards with China's production capacity.
Future Business Development
The joint venture will primarily engage in the production and sale of copper processed products such as copper wire rods and copper bars. Our company will be responsible for exporting the products to the Japanese and Southeast Asian markets, aiming to build a global non-ferrous metal supply chain. President Long Guozhi stated, "This joint venture is a groundbreaking initiative that combines the strengths of both Japan and China. We will build a partnership that contributes to the industrial development of both countries."
