Andac Engineering Corporation Limited signed the representative agreement of Samshin valves with Samshin Limited in Beijing on June 26, 2007, and Andac becomes the sole representative of Samshin in China market.
After discussing friendly and frankly, Kim Jong Bae, chairman of the board of Samshin Limited, and Lu Xiangming, chairman of the board of Andac Engineering Corporation Limited, subscribed “The Agreement of Andac’s Being Exclusive Agent of Smashin” formally.
This agreement becomes a symbol, which indicates the cooperation of Samshin and Andac has been legalized and enters a new historical period of development. With the endeavors from both parties, Andac has made great achievements in selling Samshin valves since the signing of the frame agreement in February 2006, and it also enables the brand of Samshin valves becoming widely known and accepted by Chinese customers. Kim Jong Bae, chairman of the board of Samshin Ltd., was quite satisfied with the result, and suggested Samshin would support Andac in all dimensions of technology, cost, after service, spare parts and training. Lu Xiangming, chairman of the board of Andac, hoped that under the guide of Mr. Kim, Samshin would improve its valves and make them more competitive in high-power coal and fire power plants, according to the dramatic development of coal and fire power plants, as well as petrochemical power plants.