Faradyne Motors Co. Inaugurated in SIP
Faradyne Motors (Suzhou) Co., Ltd., invested jointly by two American enterprises of international caliber, announced it official opening on Nov. 11 in SIP. The products of the company will chiefly be exported to USA.
Faradyne Company is located in Zone A of SIP Export Processing Zone with a designed annual production capacity of 700,000 motors of various types for deep-well pumps. The co-investors of USD 15 million are American ITT Company and Pentair Group, the former being a Fortune-500 enterprise with 274 manufacturing and R&D bases in 135 countries. Pentair Group the world's largest professional manufacturer of water treatment equipment, with over 50 branches.
Nov. 12, 2006