Summary of Chinese participants
The number of Chinese participants increased to 189 (by June 17, 2006), among which, 103 companies are engaged in machinery related industries, 72 in chemicals and 33 in other sectors.
The companies from machinery related industries mainly produce engineering machinery, precision cast parts. The engineering machinery companies can be good OEM partners for EU companies since most of them produce on large scale with the use of advanced equipment. Almost 50 percent of them have enough production line capacity and facilities to serve for OEM or joint venture. For precision manufacturers, CN counterparts are potentially good trade partners since their products are mainly produced in China with competitive price and cost.
Among the chemical companies, 16 are petrochemical companies with over 100 million US dollars of fixed assets, producing gasoline, diesel, fuel oil and downstream petrochemicals. These companies does not fit to European SMEs but they are potential partners for big EU companies. Meanwhile, most of the petrochemical companies want to find stable fuel oil or crude oil provider with very competitive price to meet their material need. There are also dozens of tire manufacturers which have ISO, DOT, INMETRO, ECE, GCC certificates. These manufacturers can produce 15 million sets of all-steel bias tire and radial tires. Other chemical companies listed in the database are involved in many different subsectors. The diversity of industries and cooperative need are good reasons for EU companies to participate in EU-China Yellow River Delta Interprise.
Some of the companies, such as Dongying Shengli Chemical industry Co. Ltd., Shandong Xinfa Pharmaceutical co., Ltd, Xinwei Group etc. have already experienced international cooperation. As far as intentions for cooperation are concerned Chinese companies are mainly searching for introduction of advanced technologies, development of new production lines and joint ventures. Larger corporations are also eager either to enter or increase the value of exported goods to the European market, for instance, Dongying Feifo Fiber Glass Co, Ltd with main products such as PE Tape of Antisepsis of the Pipeline; Antisepsis Tape of Reinforcement type; Etch Primer; Fiberglass Netfabric and Fiberglass Square Weaving Screen (details on the website).
137 companies are located in Dongying City and area, including Shengli Oilfield. 50 companies come from other cities, including Shanghai, Hangzhou, Beijing, Tianjin, Zhejiang, Hunan, Shanxi, Shenzhen, Jiangxi etc. The main sectors are chemicals, machinery and trade. Most of them are SMEs, such as Si Li Qi Furnishing Materials Corporation, Shang Hai Ming Tao Light Steel Corporation, which are at present involved in pre-matchmaking. Many other companies, such as Chaozhou Seagull Computer Tech, Synthetic Diamond R&D Company, BeiJing ZhongYiWanDa Trade Co., Ltd. are interested in business trade.
Few hundred of Chinese companies are expected to participate in this project. As the promotional campaign continue, the number of companies is still increasing.
