Spain's GNC Group Establishes New Subsidiary in China

Spain's leading manufacturer of milling machines, Nicol¨¢s Correa Group (GNC), has set up a production facility in Kunming city of Yunnan province in southwest China to produce several bed and gantry type milling machines. The new subsidiary, Nicolas Correa Machine Tools (Kunming) Company Ltd, has already began production of its first models, which, as planned, will be exhibited in the Beijing trade fair in April 2007. Producing standardized machines, the new company will supply to the Chinese market initially, and then to other markets as well. China is GNC Group's third largest market, behind Spain and Germany.