China Airlines Heavy Machinery Signs Offshore Equipment Purchase and Sales Contract

Sinochem New Network News China Aviation Heavy Machinery announced today that the company’s holding subsidiary, Air China Shixin Gas Turbine Co., Ltd. signed a major equipment sales contract, amounting to approximately US$22.41 million, equivalent to RMB152.39 million (RMB 1:6.8 against the U.S. dollar) .

According to the announcement, Shixin Gas and Xinrong International Trade Co., Ltd. and PetroChina (Turkmenistan) Amu River Natural Gas Company have signed purchase and sales contracts for 4 QD100 gas turbine generator sets. The equipment is manufactured and delivered by China Aviation World Gas Turbine Co., Ltd. Xinrong International Trade Co., Ltd. is responsible for import and export declarations, and PetroChina (Turkmenistan) Amugawa Natural Gas is the end user. AVIC Heavy Machinery said that the implementation of the project will fully utilize PetroChina's (Turkmenistan) local good resource advantage and the advantages of CAAC's gas turbine manufacturing to increase the influence of CNAC's heavy gas turbines in the local area, expand exports, and occupy market share in Central Asia. .

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