GE Oil & Gas has announced that it has entered into an agreement with Shenyang Turbo Machinery Corporation to acquire a minority interest. Shenyang Turbo Machinery Corporation is a large scale Chinese state owned enterprise engaged in the design and manufacture of turbomachinery equipment. The company is also involved in the operation of subsidiary Shenyang Blower Works Group Company Ltd (SBW Group).
Simply Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move.
Sign Up for our Free Stock Newsletter
Based in Shenyang in China’s Liaonin Province, SBW Group was founded in 1934. The subsidiary designs, manufactures and commercializes centrifugal and reciprocating compressors and pumps. The products are used within the domestic petrochemical, fertilizer, coal, natural gas transporatio, and power industries. Mr. Su Yongqiang, SBW Group Chairmain, and Mr. Fernando Bertoni, General Manager of Business Development for GE Oil & Gas signed the agreement in the presence of senior government officials and Mayor Chen Haibo.
GE Oil & Gas (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ge.com%2Foilandgas&esheet=6148864&lan=en_US&anchor=www.ge.com%2Foilandgas&index=1&md5=52f6982f5fed6ebe2c1c6ca714967418) is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines and storage to industrial power generation, refining and petrochemicals. We also provide pipeline integrity solutions, including inspection and data management. As part of our Innovation Now customer focus and commitment, GE Oil & Gas leverages technological innovation from other GE businesses, such as aviation and healthcare, to continuously improve oil and gas industry performance and productivity. GE Oil & Gas employs more than 12,000 people worldwide and operates in over 100 countries.
Sign up for the free Simply Best Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow Simply Best Penny Stocks on Twitter: http://www.Twitter.com/simplybestps