Chindex Press Room
CHINA INDUSTRIAL EXCHANGE, INC.
BETHESDA, MARYLAND - APRIL 16, 1997 - U.S. CHINA INDUSTRIAL EXCHANGE, INC. (Chindex) (NASDAQ:CHDX), a leading American distributor of Western construction and industrial vehicles in China, today announced the signing of a distribution agreement with Hyster Company.
Under the terms of the agreement, Chindex will provide marketing, sales and service in China for Hysters industrial forklift trucks and specialized container handling machinery to seaports and other transportation facilities in China.
"We are very pleased to announce the agreement with Hyster," Chindex Executive Vice President Elyse Silverberg commented in Beijing. "The Chindex focus on port and intermodal transportation sectors in China over the past fifteen years has positioned us extremely well to make a strong showing with the Hyster product lines. We are very excited at the market prospects going forward."
Hyster, a world leader in specialized industrial vehicles sees the agreement with Chindex as an important part of their distribution system in China. Bruce Flood, General Manager of Hyster China commented on the relationship: "Chindex has proven credentials in these market sectors in China over many years. They are an aggressive sales organization with the ability to meet market conditions effectively and the staying power for long term success. We are pleased to be working with them and feel that they are the right organization for Hyster in these markets in China."
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U.S.-China Industrial Exchange, Inc. (Chindex) provides market representation, sales and consulting services in China to a number of multinational and Fortune 500 companies including Volvo Construction Machinery, Euclid-Hitachi Heavy Equipment, Ingersoll-Rand, Acuson, and Johnson & Johnson. With over fifteen years experience, 135 employees, and operations both in the United States, China and Hong Kong, the Chindex strategy is to expand its cross-cultural reach by providing leading edge technologies, quality products and services to Chinas growing professional and industrial market sectors. Chindex is listed on NASDAQ under the ticker symbol CHDX.