Chongqing composite material co., LTD. Is a joint venture with, mulberry group set up ceremony was held in bahrain international investment

On September 24, 2013, ambassador to bahrain Li Chen attended chongqing international composite materials co., LTD. (CPIC) and Saudi Arabia, mulberry group to set up a joint venture company in bahrain signing ceremony. Bahrain for industry and commerce minister hassan HeLu, commerce committee, the Sam HeLu and other government and business representatives to attend.

Li Chen ambassador in his speech to congratulate the joint venture company set up, king hamad said just paid a state visit to China, with the Chinese leaders will further enhance friendship, expand pragmatic cooperation between the two countries reached broad consensus that the visit will push china-pakistan cooperation in various fields to a new level.

Yang stressed that the Chinese embassy in bahrain actively committed to promoting the bilateral mutually beneficial cooperation in all areas, and willing to cooperation between enterprises, between the two countries to provide support and help, hope that more Chinese enterprises to bahrain investment, at the same time also welcome more companies to China's development of bahrain.

CPIC and, mulberry group to set up a joint venture company, China will be a 60% stake. The joint venture company is mainly engaged in glass fiber reinforced high performance materials research and development, production and sales, the target annual output of 200000 tons, products are mainly sold to the Middle East, Europe and North America market