POWERCHINA and LJUNGSTRÖM Announce Strategic Partnership to Boost Performance of Power Plants

BEIJING,Aug. 30,2018 --On August 20,2018,LJUNGSTRÖM and POWERCHINA Turbo Technologies (PCTT),a division of POWERCHINA,announced a strategic partnership to support the China "One Belt One Road" Strategy with technology that enhances plant efficiency,flexibility and operational performance. LJUNGSTRÖM will work together with PCTT in power generation and industrial facility markets in China and South East Asia to jointly approach customers with an integrated suite of best in class technologies,including fans,air preheaters,and other power generation products.

(L-R - Jiang Jianlin,Party Secretary and Executive Director of China Power Construction Group Turbo Technology Co.,Ltd. and Haimnig Li,China Unit Managing Director of LJUNGSTRÖM,shake hands after signing.)

Li Yueping,member of the Standing Committee of the Party Committee and Deputy General Manager of POWERCHINA,said,"I hope,through the signing of the strategic cooperation agreement,LJUNGSTRÖM and PCTT will form a united community,sticking to the principles of mega merger,complementary advantages,risk sharing,and mutual benefits based on equality and common development."

"The partnership with PCTT represents a powerful opportunity for LJUNGSTRÖM to significantly expand our presence in China and the South East Asian markets," said Dave Breckinridge,President of LJUNGSTRÖM. "We're excited to partner with PCTT to bring innovative technologies to both of our projects and to enhance plant performance."

About POWERCHINA

POWERCHINA provides a full range of comprehensive services,from planning,investigation,designing,consulting,and civil works construction to M&E installation and manufacturing services in the fields of hydropower,thermal power,new energy and infrastructure. In 2018,POWERCHINA ranked 182nd of the Fortune 500 and 2nd in the ENR 2018 Top 150 Global Design Firms. POWERCHINA has become the leader in the construction of the "Belt and Road" and the leading enterprise of "International Industrial Capacity Cooperation".

About PCTT

POWERCHINA Turbine Technologies Co.,Ltd. is committed to providing turbine equipment and system solutions for power plants,metallurgy,mining,rail transit,wind tunnel,water treatment and other industries.

About LJUNGSTRÖM

LJUNGSTRÖM,a division of ARVOS Group,is a global technology and innovation leader,specializing in full life-cycle services and solutions for thermal power plants and industrial facilities. With a history of heat recovery advances spanning 95 years,LJUNGSTRÖM is redefining clean thermal power technologies through its deep customer and technical knowledge,worldwide. For more information,visit www.ljungstrom-global.com.

CONTACT: Clint Rankin,1-256-714-7993,clint.e.rankin@arvos-group.com

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