Wowjoint Holdings is a company on the rise. In a short period of time, the Chinese company has evolved into a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects. Today, the company took a major step towards prominence with the announcement they are opening a new manufacturing and R&D facility in Zhenjiang City New District.
The company established a new subsidiary for the property called Zhenjiang Wowjoint Heavy-Duty Machinery Co. Ltd. The new manufacturing facility under Zhengjiang Wowjoint will cover 200,000 square meters of land and is located in Eastern China about 2-3 hours northwest of Shanghai.
In addition, Wowjoint established a new R&D center in Zhenjiang in conjunction with Beijing Jiaoton University's Yangtze River Delta R&D Transportation Institute in December 2011, which will supply enhanced equipment and services to their customers.
Leading the way at Wowjoint is Mr. Yabin Liu whom serves as the company's Chief Executive Officer. In reference to this press release, Liu stated, "Wowjoint hopes to expand our market share in China and internationally with our strategic development of the new manufacturing base and new R & D center in Zhenjiang. We believe it's in a beneficial location close to Shanghai and provides additional resources to capitalize on our international expansion plans."
Currently, Wowjoint is trading in the $0.61 range. To learn more about this story or the company as a whole, visit their corporate website at: wowjoint.com
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