After taking the majority of the capital of Manoir Industrie in 2013, the Yantai Taihai group, one of the leaders in civil nuclear power in China, takes a majority stake in the French company CTI, specialized in boilermaking and industrial piping, mainly for the nuclear, petrochemical and agri-food markets.
The Chinese group will enable CTI to consolidate its presence on the Asian continent and to intensify its commercial relations with an industrial visibility of several decades.
Patrick Martel, President of CTI, sees this merger as a great opportunity to expand the company. “China is the world’s largest nuclear market. This country, which has begun the transition from energy production to nuclear power to reduce air pollution, plans to initiate the construction of 300 reactors by 2030. The arrival of Yantai Taihai in CTI’s capital gives us unique access to the world’s largest market.”
Based at three sites in the English Channel and Eure, CTI has 400 employees and a turnover of 50 million euros. Present on the EPR site, with its ACPP branch, specialized in the construction and coating of pools that serve to cool the fuel, CTI realizes in particular those of the 4 new generation reactors under construction worldwide, in Flamanville, Olkiluoto (Finland) and the other two models from Taishan, China.
For more information :
Les Echos 8 avril 2016
Paris-Normandie 30 mars 2016