Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

CTC Global Joins Forces with World's Largest Electric Utility to Produce ACCC Conductor Core in China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/14/2013 | 03:05pm CET

New joint venture to help meet China's increasing electricity needs with state-of-the-art ACCC conductor

Today, CTC Global announced that it entered into a joint venture with the NARI Group, a wholly-owned subsidiary of the State Grid Corporation of China, the world's largest electric utility company. The new company, Jiangsu NARI CTC Composite Material Co, Ltd, will begin commercial operations in early 2014 and produce high-capacity, energy-efficient, and highly-proven ACCC® conductor core in China, exclusively for the Chinese market.

"China is the world's most populous country and largest energy consumer. China's annual economic growth rate has averaged 10 percent every year since 2000, which has spurred increased demand for electricity. ACCC conductor, which was invented, developed and internationally patented by CTC Global, offers us the most advanced and well-proven conductor technology that will help us reach our transmission and growth objectives," said Mr. Yang Yingjian, Chief Technology Officer with NARI of State Grid Corporation of China.

Jiangsu NARI CTC Composite Material Co, Ltd will produce ACCC core using CTC's internally built pultrusion machines and specialized tooling. CTC will manage the new venture to ensure the highest quality, while supplying all of its proprietary raw materials and expertise. The new company will produce core exclusively for the Chinese market, though core could be shipped globally should CTC's core production facility in Irvine, California be overbooked.

"We are pleased that State Grid Corporation of China recognizes the substantial value of the ACCC conductor, and together we look forward to producing the reliable and efficient conductor core in China," stated Dr. Jason Huang, CEO of CTC Global and General Manager of the new joint company.

About CTC Global:

CTC Global is a privately held Delaware Corporation based in Irvine, California. CTC developed, tested and commercialized the patented (and trademark registered) ACCC® conductor and ancillary hardware components such as dead-ends and splices. CTC manufactures the ACCC conductor and ancillary hardware components in association with certified stranding and manufacturing partners, worldwide. The ACCC core has been in commercial production at CTC's ISO 9001-2008 certified manufacturing facility in Irvine, California, since early 2006. The core is then shipped to one of more than two dozen regional manufacturing partners, where the finished conductor is produced. Since its commercial introduction, CTC has shipped more than 22,000 km of ACCC conductor to more than 260 project sites in 28 countries. For more information about CTC Global, please visit: www.ctcglobal.com.

About Jiangsu NARI CTC Composite Material Co, Ltd:

Jiangsu NARI CTC Composite Material Co., Ltd is a registered company in Huai'An, Jiangsu Province, China. Its main business is the production and marketing of ACCC core. With its unique competitive advantages in the electric power transmission industry, the company will work closely with its customers to provide ACCC core and supporting hardware, as well as design and construction services.

About State Grid Corporation of China:

State Grid Corporation of China (SGCC) is the largest electric utility company in the world. SGCC is headquartered in the Xicheng District, Beijing and manages distribution from subsidiaries in Northern China, Northeastern China, Eastern China, Middle China and Northwestern China. According to the 2013 Fortune Global 500, SGCC is the seventh largest company in the world. For more information about SGCC, please visit: http://www.sgcc.com.cn/ywlm/index.shtml.

Vantage Communications for CTC Global
Ilene Adler, +1 415-984-1970 x0102
iadler@pr-vantage.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
06:11aDJHONG LEONG BANK BHD : 2Q Net Rises 60%
06:08aDJHANG SENG BANK : 2016 Net Profit Down 41% at HK$16.21 Billion
06:07a MINISTRY OF PETROLEUM AND NATURAL GAS OF REPUB : Global Crude oil price of Indian Basket was US$ 54.97 per bbl on 20.02.2017
06:07a KAWASAKI KISEN KAISHA : “K”Line (India) Shipping Pvt. Ltd. Becomes Member of Indian National Shipowner’s Association
06:03a BC IRON : Half Yearly Results (4 pages)
06:03a BC IRON : Appendix 4D and Half Yearly Report (29 pages)
06:03a WATERCO : 21_02_2017_daily_share_buy_back_notice_appendix_3e.pdf
06:03a BANCO BILBAO VIZCAYA ARGENTARIA S A : The keys to Chinese leadership in mobile payments
06:02a SUPREME METALS CORP : . Enters Agreement with Moroccan Mining Company to Explore for District Scale Cobalt in Bou-Azzer
06:02a FLYBE : Virgin Atlantic to launch only direct flight between London Heathrow and Barbados
Latest news
Advertisement
Hot News 
0.07%Woodside Names Wesfarmers CEO as Next Chairman
Most Read News
02/20DJFailed $143 Billion Deal Raises Pressure on Unilever, Kraft
02/20 HSBC : Capital and Risk Management Pillar 3 Disclosures at 31 December 2016 (105-page PDF 709KB)
02/20DJWoodside Names Wesfarmers CEO as Next Chairman
02/20 ADVANTAGE LITHIUM : Will Argentina be a Leading Exporter of Lithium?
02/20 Collapse of Kraft-Unilever tie-up extends run of failed mega-deals
Most recommended articles
12:11aDJHONG LEONG BANK BHD : 2Q Net Rises 60%
12:08aDJHANG SENG BANK : 2016 Net Profit Down 41% at HK$16.21 Billion
02/20 HSBC : 2016 pre-tax profit falls 62 percent on one-time charges
02/20 THOMAS WILSON : Las Vegas Sands CEO says Japan casino resort could cost up to $10 billion
02/20 CHEUNG KONG INFRASTRUCTURE : Australia to vet infrastructure investment for geopolitical risks