Though its joint-venture ITR (rubber tubes and instruments for mixing), the Italian group SAIAG has set up a joint-venture in China with the local group SRP - SHENYANG RUBBER PLANT) to be specialised in the manufacture of hydraulic tubes and attachments. Called ISR, ITR will hold a 51% stake and SRP 49%, and should have a turnover of $14 million from the first year (2001). SAIAG's planned investment amounts to some $3.7 million for a project of a total value of $12 million.