HOUSTON (AP) — Cooper Industries Ltd., which makes electrical products, said Tuesday it entered a joint venture with a privately held Chinese switchgear manufacturer to expand its international business.
Cooper and Nature Science and Technology Co. will produce indoor switchgear products that meet International Electrotechnical Commission standards. Cooper, which makes products that meet American National Standards Institute electrical standards, will hold a 60-percent stake in the joint venture.
Cooper did not disclose financial details of the agreement.
''This joint venture signals our commitment to build an IEC switchgear platform that we can sell in China and throughout the world,'' Cooper chief executive Kirk Hachigian said in a statement.
Nature's products are ''highly complementary'' to Cooper's, he added, allowing the companies to offer a wider range of products.
