NFM Technologies SA

---

An article on Iranian tunneling projects lists NFM’s involvement in the Shiraz and Tabriz subway projects, not completed as of 2009 (World Tunneling, “Iranian TBMs continue steady march,” December 23, 2009).      --- (http://www.world-tunnelling.com/features/iranian-tbms-continue-steady-march)

“Ranked amongst the most important tunnel-boring machine manufacturers on the world market, NFM Technologies provides its customers with tunneling machines of 4 to more than 15 metres in diameter, suited to all types of geology, acknowledged for their reliability and robustness” (Company website). (http://www.nfm-technologies.com/)

NFM’s website features a technologies representative in Iran. (Company website) (http://www.nfm-technologies.com/-Premises-and-access-plans-.html)

“NFM Technologies SA, a mechanical engineering company, designs, develops, manufactures, and supplies mechanical equipment and systems.”

Operates as a subsidiary of Northern Heavy Industries Group Co. Ltd.

NFM project in Iran, Shiraz Metro Project (Iran Project website)   (http://tunnelsazmachine.com/projects/iran-projects.html)

“It operates manufacturing plants in Shenyang and Guangzhou, China; and Le Creusot, Bagnols-sur-Cèze, and Lyon, France. As of May 28, 2007, NFM Technologies SA is a subsidiary of Shenyang Heavy Machinery Group Co., Ltd." (Bloomberg Business Week, “NFM Technologies SA – Private Company Information,” 2010). (http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=23020477)

“In September 2007 state-corporation NHI, Northern Heavy Industry Group, purchased a 70% share of French TBM and nuclear equipment manufacturer NFM. Niko Kleuters, previously with NFM's prior owner, WIRTH of Germany, left WIRTH to retain the remaining 30% share in NFM” (TunnelTalk, “China adds CIFA to its European acquisitions,”  September 2008). (http://www.tunneltalk.com/China-buys-Italys-CIFA.php)

“The company’s products are used in various applications in defense/aeronautics, nuclear, oil/gas, underground work, heavy industry, and major structures markets in the United States and internationally."