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Company

China Western Power Industrial to buy 51pct stake in German nuclear waste disposal company

July 26, 2018


Abstract : BEIJING, July 25 (Xinhua) -- China Western Power Industrial Co., Ltd(002630.SZ) announced on late Tuesday that it planned to inject 6.503 million euros (about 51.5857 million yuan) to purchase a 51-percent stake in JL Goslar GmbH, which is held by German

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BEIJING, July 26(Xinhua) -- China Western Power Industrial Co., Ltd (002630.SZ) announced on late Tuesday that it planned to inject 6.503 million euros (about 51.5857 million yuan) to purchase a 51-percent stake in JL Goslar GmbH, which is held by German Endurance Capital AG and Pro Consult Plus UG.

JL Goslar GmbH is a nuclear waste disposal company, and its main business is radiation protection devices, containers and industrial parts, and anode materials. In 2017, the company’s operating revenue and net profit reached 32.52 million Euros and 3.62 million Euros respectively. 

According to a company filing, the move aims to promote the company’s production upgrading and business transformation, expand its international market, and seek for profit growth point.(Edited by Ma Xin, [email protected])

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Keyword: disposal Nuclear waste

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