White River Junction, VT, USA – November 4, 2015 — Concepts NREC, the world’s leading full service turbomachinery design, development, testing, manufacturing and software company, is pleased to announce that Fujian Snowman Co., Ltd. of Fuzhou, Fujian Province, People’s Republic of China has made a strategic minority investment in Concepts NREC.
This initiative is consistent with Fujian Snowman’s stated overseas expansion strategy, which includes the expansion of their product offerings and global markets served. This will also help Fujian Snowman realize synergies through the sharing of technologies, management expertise, and marketing presence of both companies in select areas and industries.
“We are delighted with this development” stated Dr. David Japikse, Concepts NREC’s Founder and CEO. “With this cooperation, we will be able to continue our global sales and engineering expansion in Asia, and in particular to continue our growth trajectory in China. We now have the means to sustain a higher level of growth into the decade ahead and a great partner for the refrigeration and ice making industry as well as turbomachinery and other related fields.”
About Concepts NREC
For over 50 years Concepts NREC has been a strategic partner to many of the world’s leading turbomachinery companies. We are the only company in the world that offers a complete in-house solution from initial concept through design, manufacturing, testing, and installation. To learn more visit our website at www.conceptsnrec.com.