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GE Expands Supplier Role In China

Posted on January 20, 2010

GE Oil & Gas announced that it has entered into an agreement to acquire a minority equity interest in Shenyang Turbo Machinery Corporation, a Chinese state-owned manufacturer of turbomachinery equipment and the main operating subsidiary of Shenyang Blower Works Group Company Ltd (SBW Group).

SBW Group, headquartered in Shenyang in China’s Liaoning Province, was first founded in 1934 to design, manufacture and commercialize centrifugal and reciprocating compressors and pumps for application in the domestic petrochemical, fertilizer, coal, natural gas transportation, and power industries.

Mr. Su Yongqiang of SBW Group said: "We are delighted to have GE Oil & Gas join us as we enter a new phase of growth at SBW Group. The announcement consolidates a long-term partnership spanning 30 years, most recently invigorated by the cooperation on the West-to-East pipeline project. The equity holding formalizes GE’s track-record of reliable partnership, consistent delivery and long-term commitment to our business objectives in China.”

SBW Group’s domestic installed base includes over 1850 large-scale centrifugal compressors, 1059 large water pumps and 885 reciprocating compressors, and its customers include China Petrochemical Corporation, China National Petroleum Corp., Linde, JSW Steel Ltd., and China National Offshore Oil Corp.

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