Weil-McLain announced the acquisition of Taishan Maeda Boiler Co. of Taian, China, which produces boilers for the China market and assorted iron castings. The new company will be named Weil-McLain Shan Dong Cast Iron Boiler Co. Ltd., or Weil-McLain Shan Dong™.
Industry statistics report that China is the fourth largest economy in the world - behind the United States, Japan and Germany - with construction spending now estimated at $400 billion per year, the company stated, fueled largely by new residential, commercial and institutional construction projects.