"the belt and road initiative" Gained Fruits and Yongding Plunged "Hard Power" Export Card

17 October,The "Today's Concern" column of "Live Suzhou" reported on the outstanding contributions made by Suzhou enterprises in the joint construction of the "Belt and Road" with "Anchoring the New Silk Road to the Future".Among them,Jiangsu from Fenhu Etern Co., Ltd. Much attention.

On October 14, 2016, under the joint witness of the leaders of China and Bangladesh,Jointly contracted by Yongding“Bangladesh State Grid Corporation Power Grid Upgrading Project”(Power Grid Network Strengthening Project Under PGCB) formally completed the signing of the EPC general contract with a contract amount of US $1.14 billion. This also allows Yongding to actively respond to the call of the country to lay out the "going out" strategy of overseas power projects along the "Belt and Road" to a new level. Over the years, Yongding has continued to "go out" and continuously expand its overseas "blueprint" on the basis of deepening industrial upgrading ".

Bangladesh State Grid Corporation Power Grid Upgrading Project2020Commencement in, expected2025Completed by the end of the year. Yongding takes this project as a starting point and actively responds to the country.“Go out.”Calling and“The Belt and Road”Initiatives. Yongding has set up a subsidiary specializing in international engineering business, with roots in Bangladesh, Laos, Ethiopia and Zambia.“The Belt and Road”The countries and regions along the route have changed from the original export mode of optical cable products to the integration of design, supply, construction and operation services.EPCThe general contracting model, from a single transmission line power project contracting, to the general contractor of the entire industry chain such as power generation, transmission and distribution.“We are committed to bringing the advanced experience of Yongding‘The Belt and Road’It is a mutually beneficial process for countries and regions along the route to help local enterprises obtain overseas markets and revenue while developing technology.”Yongding Co., Ltd. General Manager Lu Qinghai said.

Over the past ten years, Yongding has contracted nearly30The US $100 million overseas power and communication engineering general contracting project has been successfully delivered to Bangladesh, in addition to the power grid upgrade project of the National Grid Corporation of Bangladesh, which is under construction.150MWPower plant project, China's preferential purchase project to Laos, the first contracted Bangladesh cross-border RMB project, etc.2018In 2010, Yongding was awarded the award by the Ministry of Industry and Information Technology for its outstanding performance in general contracting projects in Bangladesh.“Service-oriented Manufacturing Demonstration Project”Honor. Yongding's optical cable business has also been realized.“light stick-optical fiber-optical fiber cable”The whole industry chain, continue to achieve cost reduction and efficiency through technological transformation, management improvement, etc., stabilize the Latin American market, and actively explore the European and Asian markets. The products have been recognized by key customers in Mexico, Germany, South Korea and other countries.“Excellent Supplier”The evaluation.

In recent years, the proportion of overseas power projects undertaken by Yongding using domestic technology products is in60%Above, directly drive a large number of domestic exports, the transfer of domestic production capacity. At the same time, with the implementation and expansion of Yongding's overseas projects and the continuous increase in the local proportion, the corresponding Chinese technical standards are becoming more and more accepted overseas. While expanding their influence, they also promote the transformation and upgrading of Yongding and accelerate. Connect with international standards and improve the international competitiveness of enterprises.

"The revenue of Yongding's overseas projects along the 'Belt and Road' route basically accounts for about 30% of the total revenue of the enterprise. So far, the total amount of delivery has been completed about 10 billion yuan, and overseas projects have become one of the cornerstones of Yongding." Lu Qinghai introduced.

In recent years, Yongding has positioned itself as a new market in Southeast Asia and East Africa and other countries along the "Belt and Road Initiative" route, carefully laid out in areas with huge demand for infrastructure construction such as electricity and communications, and transformed from a simple manufacturer to a comprehensive service provider in the power industry. In the future, Yongding will continue to expand and consolidate overseas markets, enhance the competitiveness of enterprises, become the backbone of promoting the vision of "Belt and Road Initiative" into reality, and create a new benchmark for Fenhu enterprises for high-quality co-construction of "Belt and Road Initiative.

Source: Fenhu release