Hailu Heavy Industries (002255.SZ) plans to spend 400 million yuan to build a fourth-generation nuclear power equipment project

Zhitong Finance App News, Hailu Heavy Industries (002255.SZ) announced that the company plans to sign an “Investment Agreement” with the Jiangsu Zhangjiagang Free Trade Zone Management Committee through its wholly-owned subsidiary Zhangjiagang Hailu Juli Heavy Equipment Co., Ltd. to implement the construction of a “fourth-generation nuclear power equipment project”. The total investment for this project is estimated at 400 million yuan.

The project includes an annual production of 150 sets of nuclear grade equipment, including 10 sets of metal core supports for nuclear fission reactors, 4 generation high-temperature air-cooled reactor core supports, 5 sets of sodium-cooled fast reactor core supports, 20 sets of gondola cylinders for internal components, 20 sets of safety injection boxes, 10 sets of spreaders and storage racks for internal reactor components, 25 sets of automatic pressure relief system bubblers, used in nuclear fusion reaction tests and commercial reactor equipment; 50 sets of other nuclear grade pressure vessels. The construction site of the project is located in the heavy equipment park under the administration of the Zhangjiagang Free Trade Zone Management Committee in Jiangsu Province. The total land used for the project is about 58 acres.