Harbin No. 1 Tools Manufacturing Company Receives US$18M from Infinity Group

Harbin No. 1 Tools Manufacturing Company Limited, a China-based producer of complex cutting tools, has received a 120m RMB (US$18m) investment from Infinity Group.
According to a press release, the investment will support the advancement of the company’s technological capabilities with the goal of competing on the international market.
Infinity Group is a Tel Aviv-based private equity firm that manages eleven funds, nine in China. It is also the founder of the Infinity IP Bank, the hub for IP development and commercialization in China.
FinSMEs
01/11/2010

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