Combined operations
By Fu Chenghao |
April 22, 2011, Friday
|
Print Edition
Print Edition
SHANGHAI Electric Group and France's Alstom has agreed to form a 50-50 joint venture by combining their power plant boiler operations.
Combined sales of the their boiler business totaled 2.5 billion euros (US$3.63 billion) in 2010, Alstom said in a statement yesterday.
The joint venture will be registered in Shanghai with an operational headquarters in Singapore.
Combined sales of the their boiler business totaled 2.5 billion euros (US$3.63 billion) in 2010, Alstom said in a statement yesterday.
The joint venture will be registered in Shanghai with an operational headquarters in Singapore.
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