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Weir plans pump joint venture in China

The joint venture will be owned 60% by Weir and 40% by Highland and will be based in Dongying, Shandong Province, China.

“The JV with Highland presents a great opportunity for Weir SPM to apply its expertise in well service pumps and flow control equipment to the accelerating Chinese unconventional gas market. Our partnership with Highland, with its extensive customer relationships and market knowledge, will be a key enabler for production from China’s shale gas reserves,” said Weir chief executive Keith Cochrane.