LSK House sees great Latin America potential

LSK House Technology Co Ltd, a leading Chinese manufacturer of steel houses, said it had signed a joint-venture agreement with a US building company to construct a factory in Miami to make light steel-framed housing.

The Chinese group, based in Langfang, Hebei province, said it will invest $60 million in the factory and control 90 percent of the equity in the joint venture. LSK said it will send semifinished housing components to the joint venture in Miami for further processing.

Partner JMC Lopez, the US construction company, will hold the remaining shares in the joint venture.