HEIDENHEIM, Germany--(BUSINESS WIRE)--Joint Venture Agreement signed between TALIS and Kc-Val (China)
The TALIS Group, through its French subsidiary BAYARD SAS, has concluded a Joint Venture agreement with the Chinese company Kc-Val. The 60%/40% Joint Venture named TALIS Flow Control (Shanghai) Co. Ltd will take over the current industrial activity of Kc-Val which focusses on the production of control valves.
TALIS Flow Control will gradually grow by manufacturing different families of valves for the TALIS group. For TALIS this industrial platform will become its first production facility outside Europe/Israel.
After the Joint Venture will have received all its relevant registration documents and certificates it will start its operations in quarter 4 of the calendar year 2016.
This new Joint Venture is an important milestone for the TALIS group in order to strengthen its sourcing, manufacturing and selling capabilities and become more global.
TALIS protects water and thereby improves the living conditions of millions of people worldwide. TALIS strives to make the world a better place by being the best water flow control solutions company worldwide. TALIS does this by being a leading global provider of premium water valves, hydrants and solutions/services for water flow control. TALIS is known to its customers around the world through its own leading brands such as BAYARD, BELGICAST, ERHARD and RAPHAEL.
The success of the international group headquartered in Germany with 21 entities and 12 production sites all over the world is based on the motivation, knowledge and capabilities of its 1300+ employees. In 2015 the Group realized worldwide net sales of 234 mEUR.
Kc-Val, established in 2011, is positioned to develop and manufacture high quality, high performance water control valves. Welcoming China National industrial 4.0 strategy, Kc-Val focuses on developing innovative products, which drive the infrastructure optimization and upgrading. Product control precision tolerance for the domestic market lies within the range of +/- 10%, with international players it reaches +/-5%, while Kc-Val achieves a precision tolerance range of +/- 3%. 15 application patents have been developed and are certified with the Shanghai High-Tech Enterprise Authority. Kc-Val currently employs 35 employees, 11 of which are in R&Dand Quality functions.