Japan AE Power Systems Established Joint Venture for C-GIS and VCB Manufacturing in Shanghai, China.Energy Editors/Business Editors TOKYO--(BUSINESS WIRE)--Feb. 2, 2004 Japan AE Power Systems Corporation (Head Office, Minato-ku, Tokyo; President and Director, Masakazu Mori) has established, with Tianshui Changcheng Switchgear The term switchgear, used in association with the electric power system, or grid, refers to the combination of electrical disconnects, fuses and/or circuit breakers used to isolate electrical equipment. Factory (Tianshui City, Gansu Province; Senior Engineer and Director, Liang Guo Heng), a joint venture company for manufacturing and sales of medium voltage C-GIS (cubicle type gas insulated in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. switchgear) and VCBs (vacuum circuit breaker circuit breaker, electric device that, like a fuse, interrupts an electric current in a circuit when the current becomes too high. The advantage of a circuit breaker is that it can be reset after it has been tripped; a fuse must be replaced after it has been used ) in China. This joint venture in China is the first joint venture for Japan AE Power Systems since the company began full-scale operations on October 1, 2002. 1. Aims of establishment In China, investments in infrastructure area such as railway, petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. and building material industries has been increasing. And the electrical power industries “Electric company” redirects here. For the 1970s PBS children's television show, see The Electric Company. The electrical power industry provides the production and delivery of electrical power (electrical energy), often known as power, or have brisk Brisk as a proper name may refer to:
Japan AE Power Systems has studied establishment of a joint venture with one of the leading manufacturer and seller of medium voltage switchgear in China, Tianshui Changcheng Switchgear Factory, a subsidiary of Lanzhou Great Wall Electrical Co., Ltd. (The latter is listed on the Shanghai Stock Exchange Shanghai Stock Exchange One of two major securities markets in China. .) Establishing a joint venture in China will enable provision of competitive products through the combination of advanced technology from Japan AE Power Systems and the Chinese mainland sales force of Tianshui Changcheng Switchgear Factory. We also welcome this as an opportunity, while expanding our business on the mainland, to contribute to the electric power industries in China.
2. Outline of the new company
Name: Shanghai AE Power Changcheng Switchgear Corporation
Location: Jiading, Shanghai City, China
Line of business: Manufacture and sale of medium voltage C-GIS and
VCBs
Establishment: January 20, 2004
Start of
production: November 2004 (provisional)
Capital: USD 4.5 million
Investment ratio: Japan AE Power Systems, 60%
Tianshui Changcheng Switchgear Factory, 40%
Representatives: Chairman: Kikkawa Takashi (Executive Managing
Director, Japan AE Power Systems)
Vice Chairman: Zhang Xitai, (General Director,
Tianshui Changcheng Switchgear Factory)
President: Homma Makoto, (Senior Manager, Medium
Voltage Switchgear Business Division, Japan AE
Power Systems)
Site area: 22,000 m2
Number of
employees: approx. 40 in FY 2004 (provisional)
Annual sales: JPY 530 million in FY 2005 (forecast)
Outline of venture partner
Name: Tianshui Changcheng Switchgear Factory
Location: Tianshui, Gansu Province, China
Established: 1968
Start of
production: November 2004 (provisional)
Capital: CNY 44 million
Annual sales: CNY 320 million in FY 2002
Representative: Liang Guo Heng
Line of business: Manufacture and sale of low and medium voltage
switchgear, VCBs, etc.
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