Alstom’s new factory for Wuhan Boiler Co will be built and put into operation in the suburbs of Wuhan in the second half of this year, reported People’s Daily. Wuhan Boiler is 51 per cent-owned by Alstom. Upon construction, it will become Alstom’s largest boiler facility in the world.
The Europe-based supplier of services and equipment for the power generation and rail transport industries has decided to expand its investments in China in 2009, said Patrick Kron, the company's Chairman and CEO. He noted that the central government’s Rmb4,000bn stimulus package includes investments in environment-friendly infrastructure, which means a favourable investing environment and significant business opportunities for Alstom.