Shanghai Electric Group Company Limited
Shanghai Electric Group Company Limited is principally engaged in design, manufacture and distribution of industrial equipment, as well as the provision of the related services. The Company primarily provides power equipment, power transmission and distribution equipment, electromechanical equipment, heavy machinery equipment, transportation equipment, machine tools, environmental systems, elevators, printing machines and packaging machines, among others. The Company's power equipment mainly includes power station boilers, power station steam turbines, turbine generators and gas turbines. The Company's power transmission and distribution equipment include transformers, mutual inductors, reactors, breakers, power automation products and industrial automation products. The heavy machinery equipment mainly includes heavy industrial equipment, nuclear island equipment, large marine crank throws and large casting and forging products.
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Asian Activities Report for December 9, 2011 includes: Shanghai Electric Group (SHA:601727) (HKG:2727) has signed agreements with Siemens (NYSE:SI) to jointly invest over 165 million euros in two joint venture companies in China for the development, manufacturing and sales of wind power equipments; Beijing Enterprises Holdings Limited (HKG:0392) says that its subsidiary Green Industry (Qinghai) has signed a contracting agreement for a 20 megawatt photovoltaic grid-tied power generation project in Qinghai Province in China; Mitsubishi UFJ Financial Group Inc. (TYO:8306) will form a strategic business and capital alliance with AMP Limited (ASX:AMP); Honda Motor (TYO:7267) says that two of its auto plants in Ohio have earned the U.S. Environmental Protection Agency's 2011 Energy Star award.
Asian bourses opened mixed on Thursday after Wall Street posted a small gain overnight. US dollar's rebound provides an excuse for investors to lock in profits from the recent rallies. Hong Kong's Hang Seng Index pared its early gains this morning after a touch of a fresh 15 month high. Tokyo stocks fell on jitters over a series of corporate fund raising plans.
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