The Robbins Company to Join Forces with Northern Heavy Industries (NHI)
Aug 19, 2016
Robbins and NHI Agree to a Three-Phase Merger Plan
An agreement between The Robbins Company and 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.
In the next phase NHI will assume 61% ownership of The Robbins Company. Lok Home, President of The Robbins Company, will remain vested in the company and continue in his leadership role. In the final phase, The Robbins Company, NFM and NHI will be merged, combining their collective resources and expertise. It is anticipated that Lok Home will assume the role of President of the newly formed company. Operations of The Robbins Company are expected to remain the same.
“This merger puts Robbins in an excellent position to expand our presence in the global TBM market,” said Mr. Home. “It will enable us to provide better global service and support to our customers, and will open the door to new opportunities, especially in China. NHI has very impressive capabilities. Joining forces with them gives us expanded resources to go after more projects and strengthens our reputation as a world leader in the tunnel boring industry.”
"By laying out developing plans in Asia, America and Europe, and making a concerted effort together, we will strengthen our competitiveness in the market," said Yang Tao, General Manager of the Tunneling Machine Company, a subsidiary of NHI. 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.
More News and Articles
Aug 28, 2024
News
ITpipes Secures $20M to Transform Water Infrastructure Management
ITpipes announced it has secured $20 million in equity financing from Trilogy Search Partners and Miramar Equity Partners.
Known for its trusted and user-friendly platform, ITpipes …
Aug 26, 2024
News
Professor Dr.-Ing. Dietrich Stein
With deep sadness we announce the loss of our founder and partner Prof Dr Dietrich Stein at the age of 85.
Engineers around the globe are thankful for his dedication to the inventions in the fields of sewers, …
Aug 26, 2024
News
PPI Releases New Installation Guide for PE4710 Pipe
PPI’s MAB-11-2024 Covers HDPE Water Pipelines Up to 60-in. Diameter and 10,000-ft Long Pulls
Developed by the Municipal Advisory Board (MAB) – and published with the help of the members of the …
Aug 23, 2024
News
Faster wide-scale leak detection now within reach
Mass deployment of connected leak loggers is being made possible by the latest technology, writes Tony Gwynne, global leakage solutions director, Ovarro
Water companies in England and Wales are …
Aug 21, 2024
News
Kraken awakens customer service potential in water
The innovative customer service platform Kraken has made a successful transfer from energy to water. Ahead of their presentation at UKWIR’s annual conference, Portsmouth Water chief executive …
Aug 19, 2024
News
Predicting the toxicity of chemicals with AI
Researchers at Eawag and the Swiss Data Science Center have trained AI algorithms with a comprehensive ecotoxicological dataset. Now their machine learning models can predict how toxic chemicals are …
Aug 16, 2024
News
Goodbye water loss: Trenchless pipe renewal in Brazil
Pipe renewal in Brazil
How do you stop water loss through leaks in old pipe systems without major environmental impacts and restrictions? The answer: with trenchless technology, or more precisely …
Aug 14, 2024
Article
Impact of high-temperature heat storage on groundwater
In a recently launched project, the aquatic research institute Eawag is investigating how the use of borehole thermal energy storage (BTES) affects the surrounding soil, the groundwater …
Aug 12, 2024
News
Watercare completes East Coast Bays sewer link
Watercare has successfully finished the final connection on the East Coast Bays link sewer at Windsor Park in New Zealand.
Much of the East Coast Bays sewer link was installed using horizontal directional …
Aug 09, 2024
Article
Innovative water solutions for sustainable cities
Cities need to become more sustainable and use their water resources more efficiently. Managing water in local small-scale cycles is one possible solution. A new white paper by Eawag, the University …
Aug 07, 2024
Article
How digital technologies contribute to universal drinking water
Digital water technologies have an important role in ensuring universal access to safe drinking water by 2030, that is according to a new report from the World Health Organisation. …
Aug 05, 2024
News
Knowledge transfer on sustainable water infrastructure in India
India’s fast-growing cities need an efficient infrastructure for water supply and wastewater disposal. A research cooperation, is therefore supporting the development of a sustainable …
Contact
The Robbins Company
Amy Sharar
29100 Hall Street
44139 Solon
United States
Phone:
+1 206 872 4478