IMI enters Chinese nuclear market with new JV

BIRMINGHAM-based engineering group IMI has signed an agreement for a new joint venture in China.

The group has concluded an agreement with Shanghai Automation Instrumentation Company to supply control valves into the nuclear power market.  SAIC are industry leaders in controls and instrumentation technology and are already important suppliers to the Chinese nuclear industry.  
 
The nuclear power market in China is the fastest growing in the world with 15 operational reactors, 27 under construction and more expected to start construction in the near future.  

These planned new reactors are expected to increase China’s nuclear capacity to 67 gigawatts by 2020 and significantly higher thereafter.  The new company will produce control valves for critical applications for these new nuclear power generation plants in a new valve production facility which will be established on Chong Ming Island of Shanghai.
 
Completion is subject to regulatory clearances and is expected to take place within six months.  
 
Roy Twite, Executive Director, IMI, said: “We are very pleased to have signed this agreement with SAIC.  This is a very exciting opportunity for IMI. China is investing heavily in new nuclear power generation over the long term and this new venture will enable IMI to play a significant role in this development.  

“We are looking forward to building a long relationship with SAIC delivering industry leading critical valve solutions to the Chinese nuclear market.”  
 

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