Matica announces US joint venture

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    Date: Wednesday 16 Jul 2008

    LONDON (ShareCast) - Card group Matica announced a 50-50 joint venture with a US partner, which will be called Matica Americas.

    Both groups are committed to capital contribution to the joint venture of up to $1.5m, which is payable in monthly instalments over three years.

    "We strive to provide our customers with quality product, extensive customer service and support throughout the world. In keeping with these goals, an Amercian joint venture facility was the logical next step in expanding our capabilities," said chief executive Sandro Camilleri.

    "Now we can continue to expand our market coverage and support our U.S., Canadian and Latin American customers from a central location in America," he added.

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