China’s Sany Group sues Cfius for blocking foreign investment in the US
29 Sep 2012
China's biggest machinery maker Sany Group has sued the Committee on Foreign Investment in the US (Cfius) for blocking four of its wind farm projects in northern Oregon.
Sany has become the first Chinese company to take legal action against the US on Chinese investments in the country.
In a rare order, US President Barack Obama blocked Ralls Corp, a Delaware-registered company controlled by Sany vice presidents Duan Dawei and Wu Jiadong, from building four wind farm projects in northern Oregon with a combined power generation capacity of 40 million watts, citing national security concerns.
Ralls was developing the wind farm projects with wind turbines from Sany Electric Co, a subsidiary of Hunan province-based privately-held Sany Group.
Cfius held that Sany's wind farm projects were all within or in the vicinity of restricted air space at a naval weapons systems training facility in Oregon.
"There is credible evidence that leads me to believe" that Ralls Corp and Sany Group "might take action that threatens to impair the national security of the US," Obama said in the order issued by the White House.
.webp)
