ABB Customer World industry forum focuses on Belt and Road

2017-06-29 - Belt and Road initiative creates new opportunities for EPC business
Hangzhou, June 28, 2017 – ABB Customer World EPC industry forum,held today in Hangzhou International Expo Center, focused on Belt and Road initiative. Around 200 representatives from Chinese EPCs, design institutes, and the end-users from Asia, Middle East and Africa are invited to discuss status, development, opportunities and challenges brought by the Belt and Road initiative and how to achieve mutual benefits in utilities, industry and transport & infrastructure globally. ABB showcases its complementary strengths and innovative solutions for EPC business.

Tarak Mehta, president of ABB’s Electrification Products division, said, “ABB a total solution provider for EPC business. Combined with the extensive experience and the global resources, ABB offers the broadest power and automation portfolio, addressing to every aspect of the EPC business chain to add value in the market in China.”

The Belt and Road initiative has created great opportunities for EPC business. According to the Ministry of Commerce, China invested about 14.5 billion dollars in areas along the Belt and the Road initiative routes. As of the end of 2016, Chinese businesses had built 56 economic and trade cooperation zones in more than 20 countries along the Belt and Road, with the total investment exceeding 18.5 billion dollars, generating nearly 1.1 billion dollars in tax revenue and creating nearly 180,000 local jobs. Mr.Rongkun Li, Executive Vice General Manager, SUMEC Clean Energy Holdings Co., Ltd, expressed his understanding on the Belt and Road initiative and connectivity improvement in the keynote speech.

ABB has followed Chinese enterprises’ in the “Go Global” move and participated in their EPC projects in more than 70 countries. With a business network covering some 100 countries around the world, and abundant overseas project management experience, ABB provided more than 400 Chinese enterprises with consultancy, design, engineering and services in 2016 alone, and helped them solve problems in design standards in different countries and thus lower project costs and risks. Frank Duggan, President, Asia, Middle East and Africa (AMEA), ABB Group, introduced how ABB ensure long-term operational stability by its life cycle remote service and local after-sale service.

James Zhao, Lead Division Manager, Electrification Products, ABB China, said, ABB’s cooperation with Chinese enterprises has been widespread in Asia, Europe, Middle East, Africa and Latin America, with the main projects including the 275MW thermal plant in Bangladesh built by Harbin Electric Corporation, the Than Taw Myat Cement Plant in Myanmar contracted by SINOMA, the petroleum polypropylene project of Sinopec in Thailand, the oilfield project of CNPC in Rumaila, Iraq, the Izmir metro line 2 project in Turkey contracted by CRRC Tangshan, the Soyo power plant in Angola built by China Machinery Engineering, the Coca Codo Sinclair Hydropower Plant in Ecuador contracted by POWERCHINA and the Vinh Tan thermal power plant project in Vietnam co-contracted by GEDI of Energy China and GPEC of Energy China, etc.

Mr.Jun Shen, President of Sinoma International Engineering Co., Ltd. (Nanjing) and Mr. Melvin Zhou, Vice President of International Engineering Company - China Energy Engineering Group Guangdong Electric Power Design Institute Co., Ltd. attended the panel discussion of the forum. They both agreed that, ABB is the preferred partner for the EPC business and hopes to together promote the development of China’s EPC business through enhancing further cooperation with ABB and providing comprehensive value-added services.

As the Belt and Road initiative becomes more influential, a number of major infrastructure projects are steadily rolled out. "China manufacturing", "China constructing" and "China service" are welcomed by more and more countries along the way. ABB will continue to use the one-stop service capabilities, to support Chinese enterprises “Go Global”; at the same time, ABB will sense market changes brought by the energy revolution and the fourth industrial revolution, so as to offer more choices for EPC enterprises with ABB AbilityTM digital, connected and software-enabled solutions.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 132,000 employees. ABB has a full range of business activities in China, including R&D, manufacturing, sales and services, with 17,000 employees located in 139 cities, 40 local companies, and online and offline channels across over 300 cities.More informationFor more information on ABB, please visit: Weibo: @ABB Electrification ProductsOfficial WeChat Account: cnabblpOfficial WeChat QR Code: