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KS Kolbenschmidt, Riken to launch joint venture in China
KS Kolbenschmidt GmbH, a wholly owned subsidiary of KSPG AG, and Japan's Riken Corporation have agreed to set up a joint venture for the manufacture of piston rings in the Chinese province of Hubei. Under this agreement, KS Kolbenschmidt will take over 30 percent of the shares in Riken Automobile Parts (Wuhan) Co. Lt....
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