Fi­nance sec­tor seeks greater role

China Daily (Canada) - - ANALYSIS -

Phar­ma­ceu­ti­cal Co Ltd, whose head­quar­ters is in Chengdu, cap­i­tal of Sichuan prov­ince, and which is on a drive to tap over­seas mar­kets.

Kelun Group, founded in 1996, has de­vel­oped into a mod­ern phar­ma­ceu­ti­cals group, with 87 branches in China and else­where.

It had rev­enue of 35 bil­lion yuan, with tax­able profit of more than 2 bil­lion yuan, in 2014.

“We have in­vested about $50 mil­lion in Kaza­khstan, where we will start man­u­fac­tur­ing phar­ma­ceu­ti­cal prod­ucts this year,” said Feng Hao, deputy gen­eral man­ager and sec­re­tary of the board of Kelun.

“Though the eco­nomic sit­u­a­tion in China is not quite as rosy as it used to be, Kelun is con­fi­dent that with the right plan­ning as it goes global and with and sup­port from lo­cal banks and govern­ment, we can main­tain our growth mo­men­tum.”

Zhai Shuang, trea­surer of Sichuan Honghua Group, said that “as the Belt and Road Ini­tia­tive pro­gresses, the group ex­port busi­ness will con­tinue to grow”.

Honghua Group Lim­ited is a large-scale equip­ment man­u­fac­turer and drilling ser­vice provider that spe­cial­izes in the re­search, de­sign, man­u­fac­ture and as­sem­bly of drilling rigs, off­shore en­gi­neer­ing, and oil and gas ex­ploita­tion and pro­duc­tion equip­ment.

It is the big­gest ex­porter of drilling rigs in China, and one of the largest land drilling rig mak­ers in the world.

Last year, the group said, its sales were worth 7.8 bil­lion yuan, about 80 to 90 per­cent of that from ex­ports.

HUANG HUO / FOR CHINA DAILY

Liangjiang New Area, a na­tional-level de­vel­op­ment zone in Chongqing, cov­ers more than 1,200 square kilo­me­ters and has a pop­u­la­tion of 2.2 mil­lion.

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