IMI Critical co-locates China businesses

IMI Critical Engineering is a global provider of flow control solutions for energy and process industries. IMI Critical is co-locating three businesses in China into a new Greater China headquarters on 1 February 2016. The new office is in Qingpu, a district in the western Shanghai, and will combine the offices, service centre & manufacturing facilities of IMI Critical, Shanghai CCI Power Control Equipment Co., Ltd. and IMI Z&J Shanghai. The move comes after IMI Critical announced in 2015 a 100M RMB investment in building a new factory in Shanghai and its intention to set up a full engineering team in Shanghai, notwithstanding the current tough economic climate. The new factory will take a year to complete, and will supply custom-engineered valves, actuation and control systems for use in the power industry. “Our major investments are made from a perspective spanning 10 or even 20 years,” said Roy Twite, IMI Critical’s DMD, “and looking forward, we have strong confidence in the Chinese economy.”

Previous articleFaroe Petroleum gets six new exploration licences
Next articleAIV Europe enters partnership with Velan