Wison Engineering and CGGC International Team Up To Explore Overseas Energy Market

Release time:2018-09-30

 (30th September 2018, Shanghai) Wison Engineering Services Co. Ltd. (“Wison Engineering” or “the Company”) (Stock code: 2236.HK) is pleased to announce that its wholly-owned subsidiary Wison Engineering Ltd. successfully reached a strategic collaboration framework agreement with China Gezhouba Group International Engineering Co. Ltd. (“CGGC International”) at the Wison headquarters in Shanghai. The two parties will fully play their respective advantages and jointly explore the international market. Mr. XIN Zongqi, Deputy General Manager of CGGC International, and Mr. DONG Hua, Executive Director and Senior Vice President of Wison Engineering, signed the contract at the ceremony as the representatives of both parties.

 

 

The agreement is aiming to combine CGGC International's extensive expertise in overseas project investment and development, with Wison Engineering's EPC capabilities in oil, gas and chemical sectors, to provide an integrated solution to global energy market.

 

As a China's leading EPC services and technology integrated solution provider in energy & chemical sectors, Wison Engineering is actively implementing the “Belt and Road” initiative and its global business has expanded into nearly 20 countries and regions. Up to now, Wison Engineering has placed footholds in those developed markets such as North America and Middle East, and has gained reputation for its differentiated and value added services with repeatable orders; meanwhile, Wison Engineering also spares no effort to discovery new business opportunities in Russia, South America and Africa, where are being considered of having enormous market demands for energy development.

 

CGGC International is the investment and EPC contracting arm of China Gezhouba Group Corporation (CGGC). As a transnational operation enterprise with the fastest growth in China, CGGC International’s businesses cover the planning, design, construction, investment and operation to global clients in the infrastructure field and expand to 142 countries with 99 branch offices, with strong capabilities and proven records on overseas project, investment and technical services.

 

At the signing ceremony, Mr. DONG Hua, Executive Director and Senior Vice President of Wison Engineering, also added: “We are pleased to establish collaboration with Gezhouba International. This seamingless collaboration is another important milestone for us. Moving forward, we will integrate our internal resources of two companies and bring quality EPC services to the countries along the ‘Belt and Road’ routes.”

 

Mr. XIN Zongqi, Deputy General Manager of CGGC International, said: “The ‘Belt and Road’ initiative aims to strengthen and promote cooperation between Chinese enterprises and relevant countries and regions, and invigorate the local economy. We appreciate Wison Engineering’s commitment and endeavors in expanding overseas markets over the years, so we chose to ‘Going Global’ together with Wison Engineering to achieve complementary advantages and promote mutual benefit and win-win for regional economic development and corporate business growth.”