The signing ceremony of ARVOS New Energy Technology (Shanghai) Co., Ltd. is held in Beijing

On August 20, 2018, the signing ceremony of the strategic cooperation agreement between LJUNGSTRÖM, a division of ARVOS Group, ARVOS New Energy Technology (Shanghai) Co., Ltd. was successfully held at Hotel Nikko New Century Beijing. Li Yueping, member of the Standing Committee of the Party Committee and Deputy General Manager of POWERCHINA, Jiang Jianlin, Party Secretary and Executive Director of POWERCHINA Turbine Technologies Co., Ltd., David Breckinridge, President of LJUNGSTRÖM and Li Haiming, General Manager of LJUNGSTRÖM’s ARVOS New Energy Technology (Shanghai) Co. Ltd., attended the signing ceremony. Leaders and guests from both parties witnessed this historic moment.

(Picture of the signing ceremony)

Founded on September 29, 2011, POWERCHINA, one of the protagonists of the signing ceremony, has great strength. In 2018, POWERCHINA ranks the 182nd in the ranking of the Fortune 500 and the 2nd in the ENR 2018 Top 150 Global Design Firms. In 2017, it ranked the 5th in the ENR Top 250 Global Contractors. POWERCHINA has become the leader in the construction of the "Belt and Road" and the leading enterprise of "international industrial capacity cooperation". POWERCHINA Turbine Technologies Co., Ltd. is mainly committed to providing turbine equipment and system solutions for power plants, metallurgy, mining, rail transit, wind tunnel, water treatment and other industries. It has great strength in the industry.

LJUNGSTRÖM, a division of ARVOS Group, formerly known as Alstom STAU (one of the world's top 500 enterprises), is a legendary enterprise with centuries of accumulation. Now it has offices and production bases in 9 countries around the world. Its headquarters in China is located in Shanghai. LJUNGSTRÖM one of the world's most famous brands, is the founder of Ljungström® technology platform and also the global leader of air preheaters and gas-gas heaters and aftermarket solutions. As the manufacturer of more than 15000 air large preheaters and gas-gas heaters worldwide, it is the global leader in the industry.

As the Chinese power market constantly ushers in new opportunities for development, LJUNGSTRÖM is also deploying the Chinese market through prospective attempts to constantly strengthen its influence in China! Since the founding of ARVOS New Energy Technology (Shanghai) Co., Ltd. in 2014, LJUNGSTRÖM has been adhering to the mission, and paid back Chinese users with high quality services!

The cooperation between POWERCHINA and LJUNGSTRÖM will be of epoch-making significance. Through the cooperation, POWERCHINA and LJUNGSTRÖM will join hands to occupy the Chinese power market and bring more possibilities.

Li Yueping, member of the Standing Committee of the Party Committee and Deputy General Manager of POWERCHINA, said at the signing ceremony, "I hope through the signing of the strategic cooperation agreement, ARVOS New Energy Technology (Shanghai) Co. Ltd. and POWERCHINA Turbine Technologies Co., Ltd. will form a community of shared life, stick to the principle of mega merger, complementary advantages, risk sharing, mutual benefits based on equality and common development.” In the past history, POWERCHINA and LJUNGSTRÖM have always met the challenges, seized the opportunities, constantly undertaken new missions, and made outstanding achievements in respective fields!

(Picture of Li Yueping, member of the Standing Committee of the Party Committee and Deputy General Manager of POWERCHINA, delivering a speech at the signing ceremony)

David Breckinridge, President of LJUNGSTRÖM, also expressed his personal views at the signing ceremony, saying that the cooperation with POWERCHINA Turbine Technologies Co., Ltd. is a great opportunity for LJUNGSTRÖM and will help it significantly expand its influence in the Chinese and Southeast Asian markets. The cooperation between the strong companies will create a win-win situation.

(Picture of David Breckinridge, President of LJUNGSTRÖM, delivering a speech at the signing ceremony)

With the successful conclusion of the signing ceremony of the strategic cooperation, a new community of shared life has been formed. It will bring the advantages of both parties in quality, technology and EPC contacting capacity into full play. Both parties will strive to build a new platform for win-win cooperation, build a new mechanism for multi-channel and multi-faceted trade, constantly deepen strategic cooperation, improve the ability of resource integration, and form an all-round, multi-level and three-dimensional industrial layout. It's believed that with the joint efforts of both parties, they will continue to expand their share in the Chinese power market and create more glories. At the same time, we also look forward to more and more excellent enterprises continuing to work hand in hand to contribute to the development of the Chinese power market!