An agreement between The Robbins Company and the Chinese 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. 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.
Robbins, NFM and NHI Tunneling Business
will be merged in the final Phase
In the next phase, anticipated to occur in the course of 2016, NHI will assume 61% ownership of The Robbins Company. Robbins President Lok Home will remain vested in the company and continue in his leadership role. In the final phase, The Robbins Company, NFM and the NHI tunneling business will be merged, combining their collective resources and expertise. It is anticipated that Lok Home will assume the role of CEO of the newly formed company. Management and operations of The Robbins Company are expected to continue as usual.
“This merger puts Robbins in an excellent position to expand our presence in the global TBM market,” said Lok Home. “It 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.” “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.