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Shanghai Automation Instrumentation Co Ltd Establishes Joint Venture with IMI PLC

Thursday, 10 Oct 2013 08:00pm EDT 

Shanghai Automation Instrumentation Co Ltd announced that it has completed the establishment of a joint venture SAIC CCI Valve Co., Ltd. with IMI PLC. The joint venture capitalized at RMB 40 million is engaged in processing, design and production of nuclear power regulators in Shanghai. Shanghai Automation Instrumentation is holding 56% stake and IMI PLC is holding 44% stake in the joint venture. 

Company Quote

-7.0 -0.49%
7:12am EDT