Core Manufacturing Joint Venture — China
Jiangsu NARI CTC Composite Material Co, Ltd
Established in 2014 to help meet China’s increasing electricity needs with state-of-the-art ACCC® conductor, CTC Global partnered with the NARI Group, a wholly-owned subsidiary of the State Grid Corporation of China, the world’s largest electric utility company. Jiangsu NARI CTC Composite Material Co, Ltd, begin commercial operations in early 2014 to produce high-capacity, energy-efficient, and highly-proven ACCC conductor core in China, exclusively for the Chinese market.
China is the world’s most populous country and largest energy consumer. China’s annual economic growth rate has averaged 10 percent every year since 2000, which has spurred increased demand for electricity. ACCC conductor, which was invented, developed and internationally patented by CTC Global, offers the most advanced and well-proven conductor technology that will help the JV reach our transmission and growth objectives,
Jiangsu NARI CTC Composite Material Co, Ltd produces ACCC conductor core using CTC Global’s internally built pultrusion machines and specialized tooling. CTC Global manages the JV to ensure the highest quality, while supplying all of its proprietary raw materials and expertise. The JV produces core exclusively for the Chinese market.