This morning, the Sino-Indian joint venture company “NCL Guangzheng Structures Limited” was formally signed. Vice Mayor Wei Jinjun, Secretary of the Party and Labor Committee and Director of the Management Committee of the Development Zone Shi Detao, Chairman of NCL Group of India RAVI, Chairman of Qingdao Xinguangzheng Steel Structure Co., Ltd. Sun Jiongguang and other leading guests attended the signing ceremony.At the signing ceremony, Wei Jinjun congratulated the signing ceremony on behalf of the Municipal Committee and Municipal Government, and thanked the entrepreneurs who have been giving peaceful care and support for a long time.RAVI and Sun Jiongguang delivered speeches respectively, focusing on the construction and development of their respective enterprises and joint ventures.
NCL Industrial Co., Ltd. is a listed company in India. It mainly deals in cement building materials. The company owns 2.7 million tons of cement company, four factories producing ready-mixed concrete and hydroelectric power system with annual output of 40-50 million. At present, it has established joint ventures in Turkey, Germany and other countries.
Qingdao Xinguangzheng steel structure Co., Ltd., as an old enterprise in Pingdu Development Zone and the first steel structure listed company in Qingdao, has actively explored overseas markets in recent years. With the help of “one belt and one road”, the company’s products have been exported to more than 80 countries, and its self developed “steel structure +” has not only become a unique steel structure product in the industry, but also a star product in overseas markets. The joint venture company is located in Hyderabad, India. Xinguangzheng will invest in equipment and technology, accounting for 30% of the shares; NCL will invest in cash, accounting for 70% of the shares, and plans to produce 10,000 tons of steel structural stocks annually.The establishment of the joint venture company not only greatly promotes the internationalization of the enterprises of both sides, but also builds a bridge for Sino-Indian economic and trade cooperation, which is more conducive to the smooth going out of enterprises and constantly expands and refreshes the international “circle of friends”.
Post time: Sep-04-2019