Robbins and Northern Heavy Industries (NHI) agree on Three-Phase Merger Plan

摘要

An agreement between The Robbins Company and the Chinese Northern Heavy Industries (NHI) Group was finalized on June 28, 2016 in Shenyang, capital of northeast China's Liaoning Province. This initial agreement is the first step of a three-phase merger process and gives NHI minority interest in The Robbins Company. Based in Shenyang, NHI employs 10 000 people and is among China's top three heavy machinery manufacturers. Its products are sold to more than 30 countries worldwide. In 2007 NHI merged with NFM Technologies of France. making it a transnational company.