ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

Schenck Process Acquires Shenyang Stock Electric Power Equipment Company Ltd.

Print | 
Email |  Comment   Share  

(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

Schenck Process
746 East Milwaukee St.
Whitewater, WI, 53190
USA



Press release date: November 1, 2012

Expansion of market position in power industry

Schenck Process has acquired all shares in Shenyang Stock Electric Power Equipment Company Ltd from Shenyang Electric. As of the end of September, Schenck Process now holds 100 percent of the shares in its former joint venture.

The joint venture was founded in 1993 between Shenyang Electric Power Machinery General Factory and the Stock Equipment Company, a Schenck Process Group subsidiary. Since then it has become one of the major suppliers to China's power industry and its international presence continues to expand. In 2011, more than half of the products were exported to foreign countries.

"For us, the acquisition of Shenyang Stock Electric Power Equipment Company represents an important step in our ongoing expansion to be a global supplier to the power plant industry. It further strengthens our footprint in Asia, where we still see a lot of potential. Especially with our solutions for alternative fuels and the use of environmental controls, we are able to profit from the growth in this region," explains Dr Jochen Weyrauch, President and CEO of Schenck Process.

About us
Schenck Process combines more than 125 years of experience with state of the art technology. As one of the global leaders in measuring and process technology, we develop innovative solutions for a wide range of industries, such as cement and steel, chemicals, plastics, food and pharmaceuticals, mining, coal-fired power plants and the process automation industries. Cutting-edge software solutions are also part of our portfolio. We are represented by a global network of locations with the support of competent partners. A perfect way to combine an international presence and regional expertise.

Facts & figures

3,200 employees worldwide
Schenck Process companies in 22 countries on all 5 continents
Over 130 agencies
Over 30 service bases worldwide
22 production facilities worldwide
Revenue of approximately 600 million Euro

For more information, please visit www.schenckprocess.com
Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 More New Product News from this company:
Sanitary Clamping Coupling helps protect fragile products.
Vacuum Conveying System offers capacities up to 80 L.
Chain Conveyors and Bucket Elevators use en-masse principle.
More ....
| Featured Manufacturing Jobs
 Other News from this company:
Schenck Process Certifies Fastest in Motion Train Scale for North America
Schenck Process' LegalWeight Rail Scale Receives NTEP Certification and Legal-for-Trade Status
Schenck Process Recognized in a Global Cement Fuels Award
Schenck Process Acquires Clyde Process Solutions
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address