CMI Forms Partnership with Yawei and TaFu in China
Chicago-based CMI has announced that it has made an equity investment in Fudun and entered into a joint venture partnership with Yawei and TaFu, makers of particleboard, door facings and related products located in Dunhua, Jilin Province, China.
CMI says this move expands its manufacturing network and is aimed at helping the company grow its international molded interior door business, particularly in Asia, India and the Middle East, while also positioning it for the domestic new construction market recovery.
CraftMaster Asia, a wholly owned subsidiary of CMI, will manage the partnership with Fudun. Terms of the transaction were not disclosed.
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