CD International Enterprises, Inc. (CDII), Manali Engineering Sign Distribution Deal to Bank on India’s Magnesium Demand
CD International Enterprises, an industrial commodities producer and distributor in China and the Americas, today reports that its International Magnesium Group subsidiary ("IMG") has entered into a five-year distribution deal with Manali Engineering, in which Manali will serve as a sales agent to market IMG's magnesium products throughout India. Manali Engineering, a division of heavy engineering equipment manufacturer Manali Group, has established a strong footprint in India’s industrial marketplace. The company is headquartered in Gurgaon (Haryana), India, with branch offices in Stockholm, Sweden, and Miami, Florida. Demand for magnesium products exceeds 10,000 metric tons annually, and with India’s rapid economic…