www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Zhuzhou CSR nets subsea firm in UK

By LAN LAN (China Daily) Updated: 2015-04-16 08:57

Zhuzhou CSR Times Electric Co has bought United Kingdom-based subsea equipment manufacturer, Specialist Machine Developments Ltd, for about 130 million pounds ($191.6 million).

The subsidiary of China's CSR Corp completed the acquisition of the entire share capital of SMD on Wednesday.

SMD will remain independent in its business operations, and day-to-day running will still be controlled by its original management team.

But CSR will add an executive and at least one financial staff member to the team. Chairman of the board will be appointed by Zhuzhou CSR Times, according to the sales and purchase deal signed in February.

"Both rail transportation and subsea equipment are strategic high-end industries encouraged by the government. A combination of the technical strengths of CSR and SMD will be win-win for both companies," said Ding Rongjun, chairman of Zhuzhou CSR Times on Wednesday.

SMD has a number of business streams, including remotely operated vehicles, subsea trenching, submerged mining and marine renewables.

The company's product portfolio includes the world's largest range of ROVs. SMD also has marine renewable energy devices, subsea installation technologies and submerged mining equipment.

"Becoming part of CSR will be a key step in SMD's development as a business and we look forward to continuing to deliver to our markets in this new and exciting phase of our history," Andrew Hodgson, chief executive officer of SMD, said in a press release.

The UK company has about 320 staff, including an engineering team of 150 employees. For Zhuzhou CSR Times, SMD is its second UK acquisition after snapping up a 75 percent share in Dynex Semiconductor Ltd in 2008.

"This is a good timing for making purchases, given the lowest sterling/euro exchange rates," said Li Donglin, general manager of Zhuzhou CSR Times.

SMD will establish a subsidiary and a manufacturing base in China. The company's equipment will be used in ocean engineering, nuclear and tidal power generation. SMD aims to become one of the world's leading suppliers of subsea vehicle systems within five years.

"It sounds like a totally different industry from transportation equipment, but it's also about machinery, electronic control and material, actually very similar to our industry," said Liu.

Marine equipment manufacturing is one of the Chinese government's strategic industries, but experts said that R& D capability of the sector remains weak.

Even so, the sector is growing. ROV operational expenditure will be about $9.7 billion from 2013 to 2017, an increase of nearly 80 percent compared to the previous five years, according to UK energy consultancy Douglas-Westwood

"The 'Belt and Road Initiative' will bring new business opportunities to Chinese equipment suppliers. CSR will not only be a leading manufacturer for ground transportation, but will be involved in the subsea engineering equipment market," said Liu Hualong, president of CSR.

The "Belt and Road Initiative", namely, the Silk Road Economic Belt and the 21st Century Maritime Silk Road, were put forward by President Xi Jinping in 2013.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 香蕉超级碰碰碰97视频蜜芽 | zztt40.su黑料不打烊官网 | 99久久香蕉国产线看观香 | 成人网视频免费播放 | 国产精品一国产精品免费 | 99久久精品无码一区二区毛片 | 亚洲免费成人 | 亚洲精品久久久久久久福利 | 久久国产99 | 国产一区二区三区精品视频 | 国产手机精品一区二区 | 一区二区亚洲精品 | 国产成人免费视频精品一区二区 | 国产精品久久久久久久久免费 | 国产欧美一区二区精品性色 | 亚洲一区高清 | 国产99视频精品免费视频免里 | 亚洲精品色综合色在线观看 | 私人毛片免费高清影视院丶 | 久久久99精品免费观看 | 亚洲一区免费在线 | 亚洲九九 | 亚洲国产福利精品一区二区 | 久久 精品 一区二区 | 久久精品成人免费看 | 国产一级毛片一区二区三区 | 九九国产在线视频 | 国产三级小视频在线观看 | 亚洲品质自拍网站 | 欧美一级毛片无遮挡 | 亚洲在线观看免费视频 | 久久久久久久久国产 | 男人的天堂高清在线观看 | 国产a级三级三级三级中国 国产a级特黄的片子视频 | 国产黄色大片网站 | 女人aaaaa片一级一毛片 | 毛片在线看免费 | 亚洲图片视频在线观看 | 亚洲欧洲无码一区二区三区 | 国产精品国产三级国产a | 国产一级精品视频 |