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AFC-Holcroft Opens Shanghai Operation

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December 14, 2003—AFC-Holcroft LLC of Wixom, MI, and Shanghai Powermax Furnace Corp. of Shanghai, China, have signed a cooperative agreement.

Both companies will market, manufacture and service heat treat equipment by using AFC-Holcroft technology.

According to the company?s press release, this agreement will allow AFC-Holcroft to

address the Chinese market by utilizing Shanghai Powermax Furnace Corp.?s extensive manufacturing area, furnace engineers and technicians.