Israeli producer of seamless intimate apparel and active wear Tefron Ltd. has signed an agreement to form a joint venture in China with Langsha Knitting Co. Ltd., a Chinese textile brand name company, and Itochu Corporation, a Japanese Fortune-500 company with significant business interests and experience managing multi-national joint ventures in China. The joint venture has been formed to manufacture seamless underwear for the Asian market using Santoni knitting machines contributed by Tefron USA.

Tefron will hold 50.1% of the equity of the joint-venture. The parties expect the venture to become operational within the next few months.