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Westinghouse PaR Nuclear And Taiyuan Heavy Machinery Group To Form JV To Provide Crane Components, Fuel-handling..

Westinghouse Electric Company's PaR Nuclear Inc., a global leader in the supply of fuel-handling equipment and nuclear cranes, has signed agreements to establish a joint venture with Taiyuan Heavy Machinery Group Co., (TYHM), manufacturer of cranes, forging equipment, excavators and other heavy machinery. The new company, to be called PaR-TZ Nuclear Company, Ltd., of which PaR Nuclear will hold a majority interest, will provide the assembly, testing and sale...