Sinocan venture

SINOCAN Holdings is planning a joint venture to make cans and containers with indirectly-owned subsidiary Sinocan Lianxing and Shanghai CFC Enterprise Development.

Shanghai Sinocan Lianxing will be established with a registered capital of $120 million.

Sinocan Holdings chairman Wong Man-wing said the new venture would produce three-piece and two-piece cans and other containers for use in the food and beverage and chemical industries in China.