Lanshi Heavy Equipment intends to purchase 55% of China Nuclear Jiahua

Sinochem Xinnet News On September 27, the 20th meeting of the fourth board of directors of Lanshi Heavy Equipment reviewed and approved the "Proposal on Cash Acquisition of the Controlling Rights of China Nuclear Jiahua Equipment Manufacturing Co.

Nuclear Jiahua Founded in 1959, the main business includes nuclear safety equipment manufacturing, installation, maintenance; radioactive materials storage and transportation of container technology research, test development, manufacturing; military weapons and equipment research and production and so on

Lanshi Heavy Equipment stated that the acquired company and China National Nuclear Jiahua can share resources, complement each other's advantages, give play to the synergistic effect of the upper and lower industries, and promote Lanshi Heavy Equipment's development in nuclear equipment development, radioactive material storage and transportation container development and other nuclear equipment fields.

Lanshi Heavy Equipment will use CNNC Jiahua’s private enterprise mechanism advantages, qualification advantages, location advantages and long-term accumulated nuclear equipment production capacity to open up the extension channel of military nuclear power equipment manufacturing industry, build a listed company’s nuclear equipment industry platform, and deepen the nuclear field Market participation has developed the nuclear equipment industry into a pillar industry of Lanshi Heavy Equipment, and vigorously promoted the development of green and low-carbon transformation