September 22, 2017 9:05 AM ET

Machinery

Company Overview of Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd.

Company Overview

Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd manufactures heat exchangers and condensing units. Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd is based in Changzhou, China. As of July 1, 2013, Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd. operates as a subsidiary of Far East Group Limited.

No. 10 Fu Shan Road

Wujing Economic Development Zone

Changzhou,  213149

China

Phone:

86 51 98806 3222

Fax:

86 51 98806 3233

Key Executives for Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd.

Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd. does not have any Key Executives recorded.

Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd. Key Developments

ERM Enters into Joint Venture Agreement with Yealea Industry and Beijing Zhufeng Dexin Refrigeration to Incorporate Joint Venture Company

Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd. (ERM) announced that the Company had on 31 March 2016, through its subsidiary, ERM, entered into a joint venture agreement with Yealea Industry Co., Ltd. and Beijing Zhufeng Dexin Refrigeration Engineering Co., Ltd. to incorporate a joint venture company in the PRC. The Parties shall establish the JV Company with ERM, Yealea Industry and Zhufeng having shareholding interests of 51%, 24% and 25%, respectively. The JV Company will be established with an authorised share capital of RMB 10 million. The JV Company will be primarily engaged in the manufacturing and distribution of condensing units, compressor units, packaged units, multiple compressor racks and electrical control panels in the PRC and the servicing and repair of the Products in the PRC. Under the JVA, the JV Company will manufacture and sell the Products to each Party according to a pre-agreed pricing guide, which may be revised from time to time. The JV Company may also purchase production equipment, machineries and materials at pre-agreed prices from ERM and Zhufeng from time to time. ERM and Zhufeng have also agreed that they will discontinue their respective existing rack manufacturing activities.

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