The Charles Machine Works, manufacturer of underground construction equipment, has signed a joint venture agreement with Tu Xing Sun No-Dig Tech (Beijing) Co., Ltd. (TXS) of Beijing, China. TXS is a leader in the manufacture and distribution of horizontal directional drilling (HDD) systems in China and the surrounding regions.
“This investment is a significant step in our global strategic initiative,” said Tiffany Sewell-Howard, CEO of CMW. “This venture allows us to strengthen our position in China and other emerging markets.”
TXS has been successfully manufacturing HDD units at its Beijing facility for more than 10 years, and its management team brings considerable experience in the market, industry expertise and an excellent reputation in the China and regional markets. This joint venture will leverage the experience of the current TXS management team, their R&D efforts, sales, marketing and manufacturing.
Headquartered in Perry, Okla., The Charles Machine Works, through its Ditch Witch and Subsite brands, is an industry leader in the manufacture and production of premium underground construction equipment and electronic guidance equipment.
Tu Xing Sun Trenchless Tech (Beijing) CO., Ltd. is located in Tongzhou, near Beijing. It is a specialized enterprise whose major businesses are R&D and manufacturing of trenchless equipment.