Stove Kraft sets up China subsidiary and 50-50 joint venture for cookware materials
STOVEKRAFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Stove Kraft has incorporated a wholly owned subsidiary named Guangzhou Jiawo Import and Export Co. Ltd in China with CNY 10 Million invested on 12 August 2026 out of a registered capital of CNY 20 Million. It has also formed a 50-50 joint venture called Yushan Wosituo New Materials Co. Ltd with Ningbo Wochi New Materials Co. Ltd to manufacture triply sheets and circles for use in cookware. The WOS will handle trading of goods and secure supply chain control via backward integration.
Sets up backward integration and supply chain control for the core cookware business. Small initial capital outlay, potentially margin positive over time.