SHANGHAI — U.S.-based automotive supplier Park-Ohio Holdings Corp. forms a joint venture with Shanghai Electric Appliance Group Corp. to manufacture bolts for the Chinese auto industry. Park-Ohio says it was motivated to set up its business in China by China's pending entry into the World Trade Organization. The company reportedly has signed documents to establish the JV with the Chinese firm's Shanghai Fasteners unit. The team expects to start operations in late 2001, with an annual ...
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