Voith Siemens Hydro Power Generation in Shanghai has won a contract worth approximately EUR120 million in the Southwest China’s Sichuan province.
Under the deal, Voith Siemens will provide the electro-mechanical equipment for Jinping II hydro power station on the Yalong River, which is the country’s fourth-largest source for hydro power production.
Located at the lower reaches of [...]
China’s Northern Heavy Industries Group Corporation (NHI), the parent of Shenyang Heavy Machinery Group Co., Ltd, has acquired a controlling 70% stake of France’s NFM, a unit of Germany’s Wirth Group, NHI chairman Geng Hongchen said on Tuesday.
The acquisition would bring NFM’s advanced technologies and brands of tunnel boring machines to NHI, said Geng, adding [...]
European aircraft maker Airbus has agreed to set up a US$22 million technical service centre with three Chinese firms, two of its Chinese partners said on Tuesday.
The sources say that Airbus, owned by European aerospace, will hold 70% of the venture, while Jiangxi Hongdu and Hafei will hold 7% and 18% stake respectively, and Chinese [...]
CNOOC Ltd, the Chinese state-owned top offshore oil and gas producer, announced yesterday that its independent oilfield “Liu Hua” (LH) 11-1 in the Eastern South China Sea has successfully restarted production. The LH 11-1 oilfield operates steadily and produces about 23 thousand barrels of crude oil per day at present.
Last May, LH 11-1 oilfield suspended [...]
The largest beer maker, Tsingtao Brewery Co. Ltd, announced the net profits increased 69.15% to RMB 366.81 million in the first half of this year, owing to the rising beer sales in Mainland China.
The company said the beer production rose 12.4% to 2.559 million kiloliters in the first half, and the sales of Tsingtao-branded products [...]
Oil and gas company Genesis Energy Holdings (0702) plans to invest up to 3billion yuan (HK$3.1 billion) on a 25-year oil exploitation project in Shaanxi province, executive director Terence Kong Siu-tim told a press briefing yesterday following a technical report presentation.
Drilling consultant Halliburton revealed that initial test findings at the Xun Yi Oil Field in [...]
