Fong's Industries Co., Ltd. and Stork Prints Group to form a Joint Venture for rotary textile printing systems

Thursday, 16. March 2006 10:00

Stork Prints installed its first textile printing machine in 1963,
the same year Fong's was founded. With over 80 years of combined
experience both parties will continue to be leading suppliers in the
dyeing, printing and finishing in the world markets.

For Mr. Fong Sou Lam, founder and chairman of the Fong's Group, the
signing of the MOU is an important step for Fong's Industries and
Stork Prints: "Only reliable companies can truly benefit from a
partnership, and STORK and FONG'S are two globally known and strong
brands. This is a win-win situation for both companies and the
markets."

And Mr. Dick Joustra, President of Stork Prints added: "This alliance
makes sense and will have a positive impact on the global markets.
The proven technology by Stork made to the high quality standards of
Fong' s is an attractive combination and will be beneficial for all
our customers. They will get the best of both worlds."

About Fong's Industries
Fong's Industries Co., Ltd. ("Fong's Industries") is listed at the
Stock Exchange of Hong Kong. It is a group of companies, principally
focused on various textile machinery under the brands of FONG'S THEN,
XORELLA AND MONFONGS, with R& D, manufacturing and sales centres
located in Hong Kong, Shenzhen (PRC), Germany and Switzerland. It
employs some 3,700 people with a total turnover in 2004 of
approximately 1.8 billion HKD (185 million EUR).
For more information please visit the website: www.fongs.com.

About Stork Prints
Stork Prints is a group of companies that are a leading provider of
system and application know-how in rotary screen printing and digital
printing processes for the textile and graphic arts industries. The
company is based in the Netherlands, with sales Offices worldwide. It
has a total workforce of 1,415 and, in 2005, had a total turnover of
EUR 200 million. For more information please visit the website:
www.storkprints.com.
Press information:
Stork N.V.
Dick Kors
Tel.: +31 (0) 35 695 75 75
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Author:
Hugin
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