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Thai automotive tannery sets up seating joint-venture

17/03/2015

Thai tannery Chai Watana Group (CWT) has set up an automotive-focused seating joint-venture with NHK Springholds in Cambodia, according to financial publication Deal Street Asia. Construction of the Poipet-based facility will take a year, beginning in April, and will be 25% owned by CWT with the rest owned by NHK Springholds. “The joint venture...

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