Article: Toshiba sets up switchgear JV

PINGDINGSHAN, Henan Province: World electric equipment leader Toshiba Corp began operating a US$21 million joint venture here on Saturday to produce top-class high-voltage switchgears for China's power industry.

Henan Pinggao Toshiba High-Voltage Switchgrear Co Ltd (PTC) is a 50-50 venture with a registered capital of US$12.5 million between Henan Pinggao Electric Co Ltd and Japan's Toshiba Corp.

It produces three kinds of electrical switches: gas-insulated switchgears, tank-type gas circuit breakers and hybrid-type gas- insulated switchgears, with a voltage range of 72.5 kilovolts to 550 kilovolts, said Zhang Bingwen, chairman of both PTC and Pinggao Electric.

The joint venture targets an ...

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