China to Produce Plane Engine for GEChina's Liming Aero Engine Group is to produce plane engines worth of US$ 150 million for the General Electric Co.This is the country's largest industrial cooperation project in this field with a foreign company. According to an agreement signed by the two sides in March, the Liming Aero Engine Group will produce 150 million US dollar-worth plane engines and parts of gas-fired engine for the General Electric Co. in three years. To do the job, the group located in this capital city of northeast China's Liaoning province will invest 200 million yuan ( about US$ 22 million) to upgrade technology and set up an advanced production line. As China's largest aero engine manufacturer, the Liming Aero Engine Group started cooperation with the General Electric Co. in 1980. |
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