GE POWER SYSTEMS INVESTS IN TO SHENYANG BLOWER FACTORY
AsiaInfo Services, December, 2002
AsiaInfo Services 12-06-2002 GE Power Systems Invests in to Shenyang Blower Factory SHENYANG, Dec 06, 2002 (SinoCast via COMTEX) -- GE Power Systems yesterday signed agreement on establishing joint venture with Shenyang Blower Factory that is a renowned state-owned enterprise in China. This is the first time investment of GE Power Systems in China so far, as well as in the Northeast of China. The joint venture is named Shenyang GE Electric Mechanism Co., Ltd with a total investment of US$ 13.6 million.
GE owns 75% of total stock share, Shenyang Blower is 25%. The new joint venture will offer services of parts upgrade, maintenance and repair for equipment of natural gas and petroleum, and produce blower parts. Now, this joint venture is on the table of relating...
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