TEL AVIV, Israel, April 30, 2014 /PRNewswire/ --
The Trendlines Group and Anhui Luban Construction Investment Group agreed to establish an agritech incubator in Anhui Province, China.
The joint venture technology incubator will benefit from Trendlines' strength in creating and developing new agricultural technologies while leveraging Luban's local agricultural market knowledge, manufacturing facilities, and distribution network in China.
Mr. Todd Dollinger, Chairman and CEO of Trendlines, remarks: "Our partnership with Luban capitalizes on our expertise in managing entrepreneurial ventures and partnering with leading companies that have a market presence. China needs - and actively seeks - localized, market-appropriate technologies. Luban has the experience and skills to provide market knowledge, manufacturing, and distribution capabilities for us to succeed together. This joint venture is a win-win."
Mr. Wang Xiwen, Chairman of Anhui Luban Group, says: "Israel develops many world-leading agricultural technologies and Trendlines' strength is to develop and bring these advanced agritech companies to fruition. I truly believe that Israel's innovative technologies are urgently needed by Luban to develop our modern agricultural industry in China. The establishment of the joint venture will not only expand applications of Israel's advanced technologies in China, but with the involvement and influence of the Luban Group, garner more investment opportunities for these projects and enhance cooperation in the future between Luban and Trendlines."
Mr. Xiwen, along with Luban staff and provincial representatives, attended Trendlines' Agrivest conference in December 2013 in Tel Aviv. Mr.Dollinger made a second visit to Luban's facilities earlier this year.
About The Trendlines Group
Trendlines Group (http://www.trendlines.com) invests in, incubates, and supports early-stage medical and agricultural technology companies through its two Israeli government-licensed business incubators, Trendlines Medical and Trendlines Agtech, and through its in-house invention center, Trendlines Labs.
About Anhui Luban Construction Group
With more than 10,000 employees and revenues of $720 million, Anhui Luban Construction Group is an integrated enterprise group that encompasses businesses in construction, high-tech agriculture, real estate, and tourism. Luban has invested $640 million to build a new rural agriculture experimental zone in Anhui. The Luban Agricultural Technology Park -- the planned location of the incubator- covers 16 square kilometers. This park incorporates remarkable economic and social benefits, including the National Agricultural Science and Technology Park, the National-Modern Agricultural Demonstration Zone Core Area, and The National Demonstration Base for Processing of Agricultural Products.
SOURCE The Trendlines Group