Yantai Shinwa Joint Technology Co., Ltd. announced that it has received $0.25 million in funding from Hisaka Works Ltd.
March 14, 2012 at 04:00 am
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Yantai Shinwa Joint Technology Co., Ltd. announced that it has received $0.25 million in an equity round of funding from new investor, Hisaka Works Ltd. on March 14, 2012. The investor holds 4.76% stake in the company through this transaction.
On March 14, 2012, Yantai Shinwa Joint Technology Co., Ltd. closed the transaction.
HISAKA WORKS, LTD. is a Japan-based company engaged in the manufacture and sale of Plate-type heat exchanger (PHE), brazing plate-type heat exchanger (BHE), retort cooking sterilizer, sterile rice production plant, medical sterilizer, high temperature dyeing machine, supercritical technology utilization device, ball valve, sanitary valve products. The Company operates through three business segments. The Heat Exchanger segment is engaged in the manufacture and sale of plate-type heat exchangers that heat and cool fluids. The Process Engineering segment is engaged in manufacture and sale of sterilizers such as retort foods, sterilizers for pharmaceuticals and finishing equipment for textiles. The Valve segment is engaged in manufacture and sale of ball valves used to control various fluids. In addition, the Company is also engaged in operation of sanitary valves, dairy products and pharmaceuticals, conductivity sensors, as well as plant construction and power generation businesses.
HISAKA WORKS, LTD. 
