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Sany plans to enter nuke power and jet engine sector

By Liu Weiling, Feng Zhiwei, Diao Ying, and Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-08 11:55

China's major heavy machinery maker, Sany Heavy Industry Co, plans to enter the nuclear power and jet engine manufacturing business, according to Xiang Wenbo, president of the company.

"These are our goals and part of our strategic plan," said Xiang on the sidelines of the annual session of the National People's Congress. But he did not reveal a timetable for the foray into these sectors.

Xiang said Sany aims to become the General Electric of China. And the company has already set up plants in the wind power sector in addition to machinery making, its core business.

China still prohibits private enterprises to enter some core industries, but Xiang said he believed private enterprises would eventually gain the government support and the green lights.

Agenda

NPC, CPPCC agenda for March 11
NPC, CPPCC agenda for March 10
NPC, CPPCC agenda for March 9
NPC, CPPCC agenda for March 7
NPC, CPPCC agenda for March 6
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Key Documents

Highlights of Premier Wen's remarks at press conference
Highlights of work report on Supreme People's Court
Highlights of report on Supreme People's Procuratorate
Highlights of NPC chairman Wu Bangguo's work report
Key figures from 2009 draft budget report
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Legislative powers of NPC, its Standing Committee
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NPC motions and CPPCC proposals
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People's Congress system and NPC
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Sany plans to enter nuke power and jet engine sector