chan chemuyil mexico real estate

Forum for discussion regarding Chan Chemuyil Subdivision
HomePortalFAQSearchMemberlistUsergroupsRegisterLog in

Share | 

 Weir Group plans joint venture in China

Go down 

Posts : 15
Join date : 2010-11-26

PostSubject: Weir Group plans joint venture in China   11/7/2011, 10:00 pm

Man working on a pump for the hydraulic fracturing process used to release trapped oil and gas. Pic from Weir Group Weir Group is the world's largest manufacturer of pumps for the mining industry
Continue reading the main story
Related Stories

* Weir acquires American hydro firm
* Weir completes Malaysian purchase
* Weir expands in emerging markets

Weir Group has agreed to embark on a joint venture with Shengli Oilfield Highland Petroleum Equipment to provide high-pressure pumps to the developing shale gas industry in China.

Glasgow-based Weir, the world's largest manufacturer of pumps for the mining industry, will own 60% of the venture.

Based in the Shandong Province, it will start operating next year.

Shale gas is an "unconventional" source of natural gas, released from rock formations by hydraulic fracturing.

Weir's chief executive, Keith Cochrane, said: "Our partnership with Highland, with its extensive customer relationships and market knowledge, will be a key enabler for production from China's shale gas reserves."

Highland, which was established in 1992, provides drilling and production equipment and services, mainly for the oil and gas industry.

Weir has been developing its footprint in China over a number of years.

It owns two subsidiaries in the Jiangsu Province - one focused on the mining industry and the second in the power sector - along with a sourcing operation based in Shanghai.

The group anticipates investing 3.9m in the first two years of operation.

vegas strippers
discount sexy lingerie
Back to top Go down
View user profile
Weir Group plans joint venture in China
Back to top 
Page 1 of 1
 Similar topics
» Pacific Textiles, Brandix Lanka joint venture firm goes for IPO
» Sri Lanka Hemas expands footprint into leisure, logistics
» Sri Lanka's Etisalat in drive to push mobile internet
» Sri Lanka's Ashok Pathirage led Conglomerate; Softlogic group buys 10.5 million shares of NDB
» Sri Lanka Odel plans new stores as first half profits rise

Permissions in this forum:You cannot reply to topics in this forum
chan chemuyil mexico real estate :: Chan Chemuyil Homeowners :: Happy Hour!--general discussion-
Jump to: