HEFEI — Japan's Teikoku Piston Ring Co. Ltd. enters into an engine-valve-seal-ring joint venture, named Anging TP Powder Metallurgy Co. Ltd., in Anging, Anhui province. The JV represents a total investment of US$20 million, of which 55% will be held by Teikoku Piston Ring Co. Ltd. and the remainder by two local partners, Anging Piston Ring Plant and Anging TP Goetze Piston Ring Co. Ltd. Construction was slated to begin on the project in March and the first phase, representing an ...

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