CTC Reaches Strategic Partnership Agreement with Snowman

October 25th, 2016

CTC Group Ltd. announces the establishment of a Joint-Venture with China based Fujian Snowman Co., Ltd.

This strategic partnership is established to develop a sustainable business cooperation, including the production and sale of related refrigeration equipment and systems for the ice and snow industry, including licensing manufacturing, rental and capital investment.

The synergies created by joining the resources and knowhow of the companies will allow CTC to accelerate and expand the growth of its solutions to the industry, in China and abroad.

Signing ceremony at Snowman’s Offices in Beijing on September 9. Mr. Guy Evon Cloutier (left), Chairman and CEO of CTC Group Ltd, and Mr. Lin Ru Jie (right), Chairman of Snowman Fujian Co. Ltd.

Today’s announcement signifies a substantial vote of confidence in the future of CTC and also in the fundamentals and potential of the Ice and Snow industry in China,” said Guy Evon Cloutier, Chairman and CEO of CTC. “We are excited to work with Snowman given their technical capability, network and experience in China”. This development occurs at the point in time of rapid growth in the industry promoted under the framework of the China Winter Dream policies of the Chinese government.

CTC had completed some of the most iconic and challenging projects in Asia, and now with the backing of Snowman and its affiliated companies, will further enhance its product offerings to meet the demands of the market.

In addition to the current ice and snow and potential projects for the 2022 Winter Olympics in Beijing and Zhangjiakou, CTC is developing its “CANADOME” concept; a multi purpose Community Center facility that features Canadian ice and snow sports events and training together with sports entertainment and community centered activities. These projects will mutually benefit both companies, by increasing business opportunities and expanding their presence in the global market.

About CTC Group Ltd:

A Canadian leisure and industrial refrigeration specialist, CTC Group is a leading provider of world-class Ice and Snow sports and recreational facilities suchas ice rinks, snow domes, ice snow playgrounds, curling, etc., for our customers all over the world. The company offers Total Solutions, integrated and adapted to the specific needs of each project, from planning, design, engineering, technologies, installation, after sales support, facility management, operation and sports content.

About Fujian Snowman Co.Ltd:

Snowman is a global high-tech enterprise integrating R&D, design and manufacturing of industrial and commercial refrigeration systems and equipment. Its manufacturing subsidiary Snowkey is now one of the leading company in the refrigeration industry worldwide, after the acquisition of renowned international companies, such as the Sweden-based OPCON AB and SRM and the Italian compressors manufacturer REFCOMP. The company serves customers around the world with a strong commitment to sustainability, an important value shared by CTC.

For any inquiries, please contact:

Lillian Zhang