Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (572)	8/29/2003 1:42:35 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

GE sets up first China joint venture -------------------------------------------------------------------------------- www.chinaview.cn 2003-08-28 20:52 @@SHENYANG, Aug. 28 (Xinhuanet) -- The US conglomerate General Electric (GE) Thursday afternoon held a ground-breaking ceremony for its first plant in China, in this capital of the northeastern province of Liaoning. @@The joint venture, with Chinese partner Shenyang Blowing Machine Factory, involves a total investment of 13.6 million US dollars. GE holds 75 percent of the shares and the Chinese factory25 percent. @@The plant, covering a total acreage of 30,000 square meters, with a reserve of 56,000 square meters for future expansion, will focus on the development of China's oil and gas turbine markets, and serve the demands of GE turbine clients for renovation and upgrading, according to sources with the joint venture. @@GE's turbine products have a history of over 90 years in China,and GE has provided Chinese enterprises with 56 steam turbines, 160 gas turbines and 80 hydraulic turbines. Enditem news.xinhuanet.com