ISYS7 Sep 2010 17:24
Good gain so far today currently up 22.30 (8.90%)
Mon, 6th Sep 2010 13:00
LONDON, Sept 6 (Reuters) - British engineering group Invensys said on Monday it was in talks to provide controls and systems for up to four new nuclear power stations in China.
Chief Executive Ulf Henriksson said at Nomura's Rail Infrastructure Seminar that Invensys was increasingly targeting emerging markets, particularly in its power, oil and gas and railway operations.
'We have had considerable success during the past two years in China's rapidly expanding nuclear power generation market, and we expect this success to continue, as we are currently in negotiations to supply such solutions to four additional greenfield nuclear powers stations,' he said in comments emailed to Reuters.
The group, which also provides rail signalling equipment, is looking at partnerships with other rail infrastructure providers, including rolling stock manufacturers, to grow its business in emerging economies, James Drummond from its rail division told the seminar.
Shares in Invensys were 0.65 percent higher at 248.3 pence by 1118 GMT, outperforming the index of Britain's leading companies, which was up 0.3 percent.