27 Dec 2007

A collaboration agreement was recently signed between the M. Demajo Group and the China National Construction & Agricultural Machinery Import/Export Corporation (CAMC) in Beijing, China. The agreement provides for TOSS (Tethy�s Oil Supplies & Services) to be CAMC�s operational base for Europe and North Africa. Expansion into other regions is also contemplated.

CAMC, the largest engineering group of companies in China, is involved in heavy industry, infrastructure projects, energy and agriculture, to mention but a few. The group is the third largest engineering conglomerate in the world and employs over 2.8 million people.

TOSS provides marketing, technical and other support services to the oil and gas industry mainly in the Mediterranean region. Headquartered in Malta, TOSS also operates from its Tripoli office in Gargaresh.

Su Weike, president and Wang Yuki, vice-president signed for CAMC and Joseph M. Demajo, chairman, and John Darmanin, director of TOSS signed for the M. Demajo Group.

This recent agreement with CAMC is another step in placing the M. Demajo Group on the international scene.

From left: Yuki Wang, vice-president of CAMC, John Darmanin, director of TOSS Ltd., Joseph M. Demajo, chairman of the M. Demajo Group, Su Weike, president of CAMC, Wu Yi, Malta Ambassador to China, Karl Xuereb and Bingbing Wang, general managers of CAMC