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SEC to Spend CNY2.992bn in R & D in 09

Fri. May 08, 2009; Posted: 08:08 AM
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SHANGHAI, May 08, 2009 (SinoCast Daily Business Beat via COMTEX) -- SIELF | Quote | Chart | News | PowerRating -- Shanghai Electric Group Co., Ltd. (SHSE: 601727), a pillar power generation equipment manufacturer in China, plans to pour CNY 2.992 billion into research and development in 2009, amid projections for bigger shares in several markets.

SEC said in its annual reports that it will try to keep its leading position in electric equipment, heavy industry equipment, and electric elevator segments and make breakthroughs in nuclear power, wind power, and power transmission and dispatching equipment, and rail transit equipment, which are encouraged by government stimulation policies

The company is building up its advantage in nuclear power equipment market and is snatching more orders to get bigger market share. Moreover, it will double effort to roll out 500 1MW-class wind power generators in 2009, a big leap fro 200 sets in 2008.

Notably, SEC hopes the further cooperation with Siemens AG will create opportunity of edging into the high-end thermal power equipment segment.

Source: www.shihua.com.cn (May 08, 2009)
For full details for SIELF click here.

    


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