Kewatec establishes joint venture in China with Conglin Group
Kewatec AluBoat Oy, a privately owned manufacturer of aluminium boats based in Kokkola, Finland, has signed an agreement with Conglin Group to establish a joint venture in Shandong, China.
Conglin Group is a national enterprise group based in Shandong, China, with industrial activities in, among others, the aluminium sector. The joint venture company will build aluminium boats for professional use based on Kewatec’s marine technology and product portfolio.
Kewatec was advised in the transaction by Mannheimer Swartling, with Andreas Elving and Rachel Dong handling the assignment. Peter Idsäter was the partner responsible for the matter. B&B Advisors, represented by Kent Björklund, advised Kewatec on commercial and financial matters.