Leading clean energy technology and services provider,
The Babcock & Wilcox Co.
) said that a manufacturing facility has been built in China for
a subsidiary of Babcock & Wilcox Power Generation Group,
Diamond Power International, Inc. ("DPII").
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The ownership and operating rights of the new boiler auxiliary
equipment manufacturing facility will be held by Diamond Power
Machine (Hubei) Co., Inc., DPII's joint venture in China.
The technologically advanced facility will work toward enhancing
efficiency through new techniques and international quality
levels. The Hubei facility, located in an industrial park close
by, unifies two plots containing several buildings into a single
Management at DPII believes that the facility would aid the unit
in expanding its Asian as well as the global export markets.
At BWC Power Generation Group, management expects this project to
strengthen its presence in China and serve customers better.
Headquartered in Lancaster, Ohio, DPII is one of the leading
firms in ash handling and boiler cleaning. It has been supporting
power generation, pulp & paper production, and industrial
markets with cutting-edge technological solutions for over a
Headquartered in Charlotte, N.C., BWC is engaged in providing
clean energy technology and services for the nuclear, fossil and
renewable power markets worldwide. The company operates in four
business units: Power Generation, Nuclear Operations, Technical
Services and Nuclear Energy.
BWC currently holds a Zacks Rank #3 (Hold), implying that it is
expected to perform in line with the broader U.S. equity market
over the next one to three months.
Meanwhile, one can look at other energy sector stocks such as
China Petroleum & Chemical Corp.
Magellan Midstream Partners LP
). All these currently sport a Zacks Rank #1 (Strong Buy).