Tongyu Heavy Industry Co Ltd Announced to Establish Qingdao-based Subsidiary

Tuesday, 30 Jul 2013 Tongyu Heavy Industry Co Ltd announced that it will establish a Qingdao-based wholly owned subsidiary—Qingdao Bortome, which will be engaged in the export of Forgings and Castings, Cemented Carbide etc. The subsidiary will be with a registered capital of RMB 50 million (approx. USD8.26 million). Based on the powerful parent company, integrated with rich resources of its subsidiaries, and taking full advantage of the location and talents, Qingdao Bortome is committed to building a first-class company.