syncreon Signs Joint Venture Contract in China

syncreon Holding Inc. and China FAW Group Import & Export Corporation have signed a joint venture agreement to form FAW Syncreon Logistics (Dalian) Co., Ltd.

The signing ceremony, held in Changchun, Jilin Province on September 20th, was attended by senior executives of each company including Mr. Jin Yi, Vice President, China FAW Group Corporation, Mr. Li Weidou, General Manager, China FAW Group Import & Export Corporation; and for syncreon Holdings Inc., Mr. Brian Enright, CEO and Michael Neumann, CCO.

The new company will initially operate in and from the port city of Dalian, Liaoning Province providing parts logistics services to the automotive industry in North East China.  Start of operations is scheduled for the 2nd quarter of 2011 with the launch of a new 40,000 m2 (430,000 sqft) logistics centre in the Dalian Development Area.

Contract signing – Michael Neumann, CCO syncreon and Li Weidou, General Manager, China FAW Group Import & Export Corporation

Liu Chunhui, Vice General Manager, China FAW Group Import & Export Corporation / Michael Neumann, CCO, syncreon Holdings Inc. / Jin Yi, Vice President, China FAW Group Corporation / Brian Enright, President & CEO, syncreon Holding’s Inc. / Li Weidou, General Manager, China FAW Group Import and Export Corporation / Hongbin Kan, Managing Director, syncreon China