Megatherm Induction replaced its prior JV with Cyprium Induction, forming Megatherm Cyprium INC for better compliance.

Megatherm Induction LimitedMEGATHERM · Filed with the exchange

Megatherm holds 49.99% in the new JV, continuing to sell its products in North America.

This aims to facilitate exports and improve profit margins.

Cyprium's turnover last year was 2.5 million USD.

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