Beijing Xiboer Technology Development Co., Ltd. and US II-VI Group Co., Ltd. established a joint venture company

Beijing Xiboer Technology Development Co., Ltd. (Xibo Company) officially announced on July 20, 2009 that the company has signed a contract with American II-VI Group Co., Ltd. (II-VI Company) in Langfang City, Hebei Province. In the Chaobaihe Industrial Park of the Hui Autonomous County, a Sino-foreign joint venture Langfang Zibo Diamond Co., Ltd. was established, of which the Xiboer Company is the controlling party.
Mr. Chen Jifeng, General Manager of Xiboer, said: The joint venture company will rely on the technical advantages of Xiboer in chemical vapor deposition diamond and laser cutting equipment to introduce the advanced concept and high-tech materials and equipment of American II-VI modern enterprise management. The invaluable experience of industrialization, focusing on the development of two projects with significant market potential, such as chemical vapor deposition diamond and laser cutting equipment. In the next few years, we will gradually build Langfang Zibo Diamond Co., Ltd. into an important production base for laser processing equipment for chemical vapor deposition of diamond and superhard materials.
Francis Crimmer, CEO and President of II-VI, said: The establishment of the joint venture indicates that II-VI continues the company's globalization, product diversification and commitment to invest in high quality and low cost engineering materials and device technology. The aspect has taken a new and important step.
Beijing Xiboer Technology Development Co., Ltd. July 20, 2009

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