SMT Scharf AG announced that it has entered into a partnership agreement with Famous Industrial Group GmbH, D-sseldorf to establish a Chinese joint venture. Under the partnership agreement, Famous will be responsible for establishing contact with Chinese partner companies and, through the conclusion of a framework agreement, arranging for the establishment of a joint venture as well as the supply of components for monorail systems by SMT to the joint venture company. The joint venture is to source predefined essential core components from SMT in Germany, from subsidiaries of SMT or from existing SMT joint ventures in China.