Enviro heading towards joint venture in China – signs MoU with Vanlead Group
Enviro has signed yet another memorandum of understanding (MoU) with Chinese Vanlead Group, Southern China's biggest tyre manufacturer and a major international tyre industry player. The objective of the MoU is to set up a joint venture to market Enviro’s patented technology across the entire Chinese market. “Both Enviro and Vanlead see the great potential for Enviro's environmental technology with respect to materials recovery from end-of-service tyres in China. A joint venture with one of China’s biggest tyre manufacturers enables both parties to capitalise more rapidly and successfully