Metso is forming a new company with SAC Guodian Nanjing Automation Co (formerly State Automation Company) in a move designed to strengthen its position in the power automation control systems market in China. The new joint venture will concentrate on developing the digital power plant concept focusing especially on the Chinese market.
Metso will own 33 % and SAC will own 67 % of the joint venture. The new company will manufacture and market Metso's maxDNA automation technology and SAC's digital power plant products. Furthermore the joint venture intends to develop new products and provide comprehensive after-sales services. It will have over 300 employees in China. The new company will start operations following official approval by the required Chinese authorities.
"By joining forces we gain share in the Chinese power market. We have already over 140 power units controlled by our systems in China", comments Metso's Steve Gandy, vice president Sales and Operations, Energy and Process Systems in Asia.
Metso has provided maxDNA systems to more than 700 power plants worldwide and is one of eight DCS companies recommended by the former State Power Ministry in China. SAC is a public company owned 58% by Huadian Power International Corporation, one of the five largest power producing companies in China
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