Japan-based Voith Fuji Hydro and Ebara Corp. have agreed on the transfer of Ebara's complete hydro turbine business to Voith Fuji Hydro, a Joint Venture of Fuji Electric and German Voith Hydro, starting June 1, 2011.
Executives of all companies attended the signing ceremony in Tokyo.
"Japan has for more than 100 years been an important market for Voith that we feel strongly committed to," said Dr. Roland Muench, president and CEO of Voith Hydro. "This investment will serve to further strengthen our position in the Japanese hydro power market. Our confidence in our Japanese customers and business partners remains unshaken, particularly in these difficult times after the tragic events in Northeast Japan."
Ebara aims to further grow in its core competencies and excel in the fluid machinery equipment business with specific focus on pumps and compressors. By transferring its hydro turbine activities to Voith Fuji Hydro, Ebara ensures to provide their customers the opportunity to be continuously served by one of the world's leading hydro manufacturers.
Ebara Corporation s a publicly-listed corporation with 14,000 employees worldwide. Founded in 1912, Ebara Corporation has grown to become one of the world's principal manufacturers of industrial machinery, based especially on its fluid machinery and systems business, with particularly strong positions in pumps and compressors as well as other related products.
In other news, Germany's Rheinkraftwerk Sackingen AG has awarded Voith Hydro a contract for refurbishment of four turbines of the 73.6-MW Sackingen hydroelectric project on the Rhine River.
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