i-Nuclear update: Westinghouse subsidiary PaR Nuclear in JV with Taiyuan Heavy Machinery Group

i-NUCLEAR

Westinghouse subsidiary PaR Nuclear in JV with Taiyuan Heavy Machinery Group by I-Nuclear Westinghouse announced May 15 that its subsidiary PaR Nuclear would form a joint venture with China’s Taiyuan Heavy Machinery Group. The new joint venture is to be called PaR-TZ Nuclear Company Ltd, and PaR Nuclear will hold a majority interest. PaR-TZ will provide the assembly, testing and sale of new crane components and fuel-handling equipment, as well as the associated services and spare parts to the Chinese commercial nuclear market. "There is a large, nuclear-specific market for crane components, fuel-handling equipment, spare parts, and outage and installation services in China," said Bill Burns, PaR Nuclear president.  "We are pleased to be joining with TYHM to broaden our collective reach and further enhance our ability to provide equipment and services to the Chinese nuclear market."