The Charles Machine Works Forms Joint Venture in China

The Charles Machine Works Inc., recognized as an industry leader in the United States and manufacturer of underground construction equipment, has signed a joint venture agreement with Tu Xing Sun No-Dig Tech (Beijing) Co. Ltd. (TXS) of Beijing.

TXS is considered to be a leader in the manufacture and distribution of horizontal directional drilling (HDD) systems in China and the surrounding regions.

“This investment is a significant step in our global strategic initiative,” said Charles Machine Works CEO Tiffany Sewell-Howard. “This venture allows us to strengthen our position in China and other emerging markets.”

TXS has been successfully man-ufacturing HDD units at its Beijing facility for more than 10 years and its management team brings considerable experience in the market, industry expertise and an excellent reputation in the China and regional markets. This joint venture will leverage the experience of the current TXS management team, its R&D efforts, sales, marketing and manufacturing.

Tu Xing Sun Trenchless Tech (Beijing) Co. Ltd. is located in Tongzhou, near Beijing. It is a specialized enterprise whose major businesses are R&D and manufacturing of trenchless equipment. For more information about TXS, visit www.bjtxs.cn/ComIntro/en/com_intro1.asp.