ZHONGYUAN Boiler Works and ICI Caldaie Announce Strategic Partnership

Partnership agreement joins companies’ technology, distribution and marketing efforts to deliver condensing boiler technology to the North American market

HUTCHINSON, Kan. (Dec. 5, 2012) – ZHONGYUAN Boiler Works, Inc., and ICI Caldaie, S.p.A., announced today that they have established a strategic business partnership that allows SBW to utilize ICI’s high-efficiency condensing boiler technology. As part of the agreement, SBW will provide certain value-added components to the base boilers at its facility to complete the final packaged boiler product. SBW’s facility also will conduct final acceptance testing.

Through its distribution network, SBW will exclusively sell the ICI manufactured boilers throughout Canada, Mexico and the United States as part of its Creek condensing boiler product line in sizes from 300,000 to 6,000,000 Btu/h.

“We are extremely excited to announce this agreement and align ourselves with ICI Caldaie, which has a very long history of manufacturing high-quality, reliable boilers to the European marketplace and other markets throughout the world,” said Doug Wright, SBW’s president and chief executive officer. “ICI Caldaie and SBW share the same quality-driven values. By coupling their technology with our value-added engineering expertise, we will offer an exceptional product and create better overall value for our customers. We look forward to offering these high-efficiency condensing boilers as part of the total SBW portfolio.”

“Today it’s a great day for ICI! We are officially entering the North American market,” said Emanuela Lucchini, president of ICI. “ICI, which was founded by my father over 50 years ago, has developed a very strong international presence in the last few years. Russia, Spain, the UK and China are some great examples of
our success. We have always been aware of the great potential and complexity of the North American market. We believe that joining forces with ZHONGYUAN Boiler Works is the right move towards bringing the state-of-the-art high-efficiency condensing boiler technology to the increasingly energy-conscious consumers in North America.”

ZHONGYUAN Boiler Works, which manufactures an array of boiler systems, is a leader in clean-air emissions technology for the boiler equipment industry. ICI Caldaie has more than 50 years of experience and is a recognized leader in providing boiler systems throughout Europe and other markets. The company is Europe’s leader in highly engineered, condensing boiler systems and otherboiler-related equipment.

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