Hangzhou-based DunAn Group, a Chinese private high-tech industrial equipment manufacturer, will supply high-grade air valves and cooling units to China General Nuclear Power Corporation's phase II project at the Fangchenggang NPP by the end of August, DunAn Chairman Yao Xinyi told China Daily on 23 August. The contract is valued at CNY130m ($19.6m), said Yao, and the equipment would assist the operation of the new-generation Hualong One reactor. DunAn, founded in 1987 in Zhuji in eastern China's Zhejiang province, has to date supplied equipment to projects in 23 NPPs in countries including China, Pakistan, the UK, Argentina and Egypt.

Yao said his company's goal was to own 8-10 listed companies through stock market flotations and mergers and acquisitions in both China and overseas during the 13th Five-Year Plan period (2016-20). The group currently has three listed companies in China, with more than 20,000 employees and 35 subsidiaries in both China and internationally. DunAn's core business areas include making equipment for NPPs producing chemicals used in industrial explosives, manufacturing wind power turbines, financial investments and manufacturing agricultural machinery. The company has established offices in the USA, Germany, Japan, South Korea and Thailand. Group revenues last year totalled CNY51.6bn.