Aeris Environmental Ltd. (Aeris or the Company) announced that it has executed a strategic alliance with a consortium of leading Chinese businesses, being Shanghai Taitrust Industrial Group Co., Ltd. (Taitrust) and Shanxi Tond Chemical Stock Limited Company (Shanxi). Agreements with these businesses deliver a minimum purchase commitment of RMB 20 million (approximately AUD 4.4 million) in the first year, together with a strategic alliance with a leading Chinese businessman, Mr. Li Bin, Executive Director of Taitrust, and Shanxi. This alliance focuses on broadening Aeris' presence in the Chinese market, one of the world's largest markets, with a comprehensive focus on the entire portfolio of environmental hygiene and energy efficiency, delivering an outstanding network of customers, distribution channels, sales and marketing capacity, and local manufacturing.
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