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POWERCHINA prioritizes international business

Updated: 2019-01-07 15:45

After being approved by the State Council, POWERCHINA was formally established in 2011 as a wholly State-owned company consisting of 105 subsidiaries.

To deal with a vast array of old and long-term issues, POWERCHINA proposed a development strategy that prioritized international business and established a leadership group led by the chairman of the board to further develop the strategy.

POWERCHINA has a unified international parent brand, and its international business management system and organizational structure are becoming increasingly clear. It became the first central State-owned company whose overseas business contracts surpassed its domestic contracts after just over a year of operation.

POWERCHINA began restructuring and integrating its international operations on March 10, 2016. It merged its overseas business department, Sinohydro Corporation and HydroChina Corporation to form POWERCHINA Int'l.

POWERCHINA has formed a basic market layout that encompasses a number of neighboring countries, with certain key countries at the center. It has also established six international regional headquarters, forming a diversified market structure that involves roads, railways, housing and water treatment.

It has formed a multi-faceted operational system with Asia and Africa at the core and high-end markets in America, Oceania and Eastern Europe on its periphery.

 

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