Economy and Business
Schlumberger to expand production near Shanghai
By Li Xinzhu (chinadaily.com.cn)
Updated: 2009-12-25 11:17
 |
Large Medium Small |
Oilfield services titan Schlumberger signed an investment term sheet with Qingpu Industrial Zone on Wednesday that will pave the way for the company to eventually expand its production capacity there tenfold, according to a Schlumberger spokesman.
Schlumberger plans to expand the capacity of its six existing product lines and add up to 10 more within the next five years.
Thirteen other companies, including West Pharmaceutical Services, HMP and Meridian International, have also set up operations in the industrial zone in southwest Shanghai recently, with a total investment of 3 billion yuan（$440 million).
