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Native name | 上海电气集团股份有限公司 | ||||||
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| Company type | Public | ||||||
| Industry | Engineering,capital goods | ||||||
| Founded | 2004 | ||||||
| Headquarters | , China | ||||||
Area served | Worldwide | ||||||
Key people | Huang Dinan (黄迪南) (Chairman & CEO) | ||||||
| Products | List
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| Chinese name | |||||||
| Simplified Chinese | 上海电气集团股份有限公司 | ||||||
| Traditional Chinese | 上海電氣集團股份有限公司 | ||||||
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| Website | www | ||||||
Shanghai Electric (officiallyShanghai Electric Group Company Limited) is a Chinesemultinationalpower generation and electrical equipment manufacturing company headquartered inShanghai.[1] The company traces its roots to 1880.
Shanghai Electric is engaged in the design, manufacture and sale of products includingpower generation equipment,power transmission anddistribution equipment,transformers,switchgear,circuit breakers, transport equipment,machine tools,elevators,packaging andprint machinery, and environmental protection equipment.[1]
It is the world's largest manufacturer of steam turbines.[2]
Shanghai Electric has a long history and one of its subsidiaries was established before 1880. Shanghai Electric has achieved a number of breakthroughs since 1949, including the first 6,000 kWfossil-fueled power generating unit, the first cooling gas turbine generator[clarification needed] in the world, the first ten-thousand water pressing machine[clarification needed] in China, the first 300 MWnuclear power generating unit in China, the first large ship-use crankshaft in China, and the first 1,000 MW ultra super-critical fossil-fueled power generating units in China.
On April 28, 2005, Shanghai Electric listed on theHong Kong Stock Exchange. On December 5, 2008, the group was listed on theShanghai Stock Exchange.[1]
In October 2010, Shanghai Electric andReliance Power of India signed a US$8.3 billion agreement for Shanghai Electric to supply 36 coal-fired thermal power generation units to Reliance over the subsequent three years.[3][4]
In April 2011 Shanghai Electric andAlstom agreed to combine their power plant boiler divisions into a new joint-venture company called Alstom-Shanghai Electric Boilers Co.[5] In June 2011, Shanghai Electric announced plans to invest RMB 1 billion in a joint venture with Shanghai Municipal Electric Power Company, with each to hold a 50% stake.[6]
In September 2011, Shanghai Electric signed a cooperation agreement with CESC to collaborate on the construction of coal-based power stations in India.[7]
Shanghai Electric has severalA share listed subsidiaries, including Shanghai Mechanical & Electrical Industry co., Ltd., and has over 50 joint-ventures, including Shanghai Mitsubishi Elevator Co., Ltd., a joint venture withMitsubishi Electric.[1]
Shanghai Electric has a strategy to assist in the improvement of China's overall competitiveness through the achievement of three major objectives: "core business concentration, self-mastered innovation and global resource consolidation". The company also intends to develop its "Shanghai Electric" brand into a universal brand.
Shanghai Electric is engaged in the design, manufacture and sale of products includingpower generation equipment,wind turbines,power transmission anddistribution equipment,transformers,switchgear,circuit breakers, transport equipment,machine tools,elevators,packaging andprint machinery and environmental protection equipment.[1] Shanghai Electric offersturnkey systems and service forpower plants.
Shanghai Electric Wind Energy Co., Ltd. is a wind turbine manufacturing company.
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