CNEC sits on a ton of cash

CNEC sits on a ton of cash

Overview

  • Release Date: October 14, 2016

China Nuclear Engineering Corporation (CNEC) recently announced the total value of its newly signed nuclear contracts this year from January to September : 11.70 billion RMB (USD 1.73 Billion), growing by 298.85% year on year.

This growth far exceeds the military projects and civil engineering, which only increasing by 127.18% and 14.21% respectively.

Merely from June to September, CNEC won two nuclear contracts worth of almost 4 billion RMB (USD 600 Million). One is the nuclear island civil construction of Tianwan 5/6 and its contract values is around 1.842 billion RMB (USD 274 Million). While the other is the nuclear island installation project of Fangchenggang 3/4 and its contract value is 2.002 billion RMB (USD 297 Million).

About Author

Elaine Li

Elaine Li (李益楠) is Marketing Manager for the Chinese Market. With ten years of experience in the nuclear power market, Elaine is experts for the certification of safety equipment (HAF 604 and 601) and marketing intelligence.

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