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On the 8th of October, Shenyang Drum Group and the UK's Clyde Group Co., Ltd. formally established a joint venture in Shenyang to form the Shenyang Shenyang Drum Clyde Pump Co., Ltd. signing ceremony. Industry experts said that the establishment of the joint venture will greatly enhance the Shengu Group's core competitiveness, and it also marks that the two major groups will jointly expand the domestic and international nuclear power and petrochemical markets.
According to reports, the registered capital of the joint venture company is 120 million yuan, which is controlled by the Shengu Group. After the establishment of the company, it will form an annual production capacity of 60 nuclear pumps and 650 petrochemical pumps. The new company will introduce all of Clyde Pump's advanced pump product design and manufacturing technologies to rapidly increase the product quality of the joint venture company and provide a complete set of pump engineering solutions for China's nuclear power, oil and gas and coal chemical industries; the joint venture will also Learn from Clyde's advanced and reliable management model, especially the experience of nuclear pump product quality management, and improve the quality of nuclear pump products in China. At the same time, the joint venture company will take advantage of the brand and market network of both parties to quickly occupy the domestic market and then expand the international market.
Powered by thermal power and nuclear power markets
The predecessor of Clyde Pumps is the Weir Pump Co., Ltd., which was founded in 1871 and has a history of more than 130 years. It is a world-renowned pump product design and manufacturing company and has a intensive sales network in the world.
In thermal power stations and nuclear power plants, the boiler feed water pumps produced by the thermal power stations cover all 300,000 kilowatts, 600,000 kilowatts of subcritical and supercritical units, and some 600,000 kilowatts of ultra-supercritical units; 600,000, 1 million At 1.2 million kilowatts of nuclear power plants, it is capable of producing all nuclear grade pump products and centrifugal pump products used in other nuclear power plants. Its steam-powered auxiliary feed pumps for nuclear power plants are the world's exclusive patented technologies. It also produces various pump products such as injection pumps, pipeline transfer pumps and industrial pumps.
Clyde Pumps has achieved great success in China's thermal power and nuclear power markets. So far, Clyde Pumps has sold more than 500 boiler feed pump core packages and boiler feedwater pumps in China's thermal power market, in China's Qinshan, Daya Bay, Ling'ao, Hongyanhe and Ningde nuclear power projects. Obtained more than 1 billion yuan in orders, accounting for about 70% of the market share of China's nuclear power market.
Strong and strong joint development of common development As we all know, Shengu Group's design and manufacturing technology has always been in the leading position in the domestic industry, and close to the international advanced level in the same industry, is the national major national technical equipment base, is also the only one to obtain the National Nuclear Safety Administration The 300-1000MW pressure reactor nuclear power plant nuclear design, nuclear two-level, nuclear three-stage pump design, manufacturing license companies.
Since the implementation of the strategic reorganization in May 2005, Shengu Group has been devoting itself to the development of pump products, especially nuclear-grade pumps and petrochemical pumps, in accordance with the wishes and requirements of the local government, and striving to build the most powerful and internationally-renowned pump products in the country. enterprise. The Clyde Group has recently successfully acquired the internationally renowned Union Company of the United States, expanding its pump product range and coverage, and making great strides towards achieving the goal of achieving the world's largest pump product market share. The common development strategy and common vision goal have brought together two well-known companies, Shengu Group and Clyde Group.
Since June 2007, both parties have conducted joint bidding and business cooperation on domestic nuclear power projects and achieved very good results, accelerating the process of establishing joint ventures for nuclear pumps and petrochemical pump products. The joint-venture negotiation working group of the two sides conducted on-site inspections, discussions and analysis, conducted in-depth demonstrations on various aspects of the establishment of the joint venture company and various professional fields, and completed market predictions, production operations, plant equipment selection, human resources, organizational structure, and management Models. Feasibility analysis of technology introduction agreements, financial models, quality management, etc., formed a relatively complete plan for the formation of a joint venture company, completed the feasibility study report, joint venture contract, technology transfer agreement and other documents for the formation of the joint venture company.
"Although the joint venture contract has just been signed, I believe that through the sincere cooperation and joint efforts of Shengu Group and the Clyde Group, the development of our joint venture company will be a success." Shen Yongqiang, chairman of Shengu Group, said with confidence.
Looking ahead to the future of China's nuclear power and petrochemical markets, the opportunities for development are unlimited and the market has great potential. Take nuclear power alone as an example. By 2020, the number of nuclear power generating units will increase from the current 10 million kilowatts to 100 million kilowatts, accounting for more than 4% of the total installed power generation capacity at that time. It is expected that during the 13 years from 2007 to 2020, 70 million kilowatts will be added, 20 million kilowatts will be under construction, and an average of 7 to 8 sets of million-units will be added each year. In the next five years, the demand for nuclear power pumps will be very large, requiring more than 120 primary nuclear pumps and more than 1,600 secondary and tertiary pumps. After the establishment of the joint venture company, it will make full use of the market and brand advantages of the joint venture partners and the advantages of the Clyde Group in terms of technology and management. The Shengu Group's resource advantages in human resources and assets will create a pump with international competitiveness. Product companies, to seize the increasingly rapid development of nuclear power and other energy markets, to meet the country's domestic requirements, while expanding the international market. Strive to achieve sales revenue of more than one billion yuan in five years or so, and complete the strategic goal of strengthening and expanding the Shengu Group.
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