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Cooperative LOI Inked between MCC Group and Formosa Ha Tinh Steel Corp
CopyFrom:MCC Date:15 October 2012
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A signing ceremony was held to celebrate the signing of the Letter of Intent (LOI) between MCC Group and Formosa Ha Tinh Steel Corp at MCC Headquarter on October 10, 2012. Pursuant to the LOI, three MCC subsidiaries, CISDI Engineering Group (CISDI Group), Changtian International Engineering Corporation of MCC (CIE) and ACRE Coking & Refractory Engineering Consulting Corporation of MCC (ACRE), will respectively undertake various projects for Formosa Ha Tinh Steel Corp. These include blast furnace, heating furnace (on EPC basis), sintering design, main equipment and training courses, as well as coke oven EPS works.
The attendees at the ceremony included: Chairman Lin Hsin-yi, General Manager Yang Hung Chi and Senior Vice General Manager Yang Wen Qian of Formosa Ha Tinh Steel Corp; Shen Heting, Vice Chairman of MCC Group & President of MCC; Chairman Xiao Xuewen of CISDI Group; Chairman Yi Shuguang of CIE; Chairman Yu Zhendong of ACRE; as well as the relevant project heads of the Overseas Engineering Management Dept. and the three subsidiaries.
The Chinese steel industry is witnessing a period of adjusting at present. Adhering to the general principle of “Effective transformation, scientific development and capability enhancement”, MCC Group will redouble efforts in market exploration in steel industry, which is one of its core business sectors, and play an essential role as a leading enterprise. Recently MCC Group has started large-scale investment project with major steel works, for example, two projects respectively in Port of Zhanjiang (in cooperation with Baosteel) and Port of Fangchenggang (working with Wuhan Steel Works). In addition, MCC Group has turned its sights to the promising international market, and the project of Formosa Ha Tinh Steel Corp is the one of the latest major works undertaken by MCC in overseas market. And this project is deemed to be of great significance for MCC in fully utilizing its technical advantages, implementing its overseas strategy, improving the engineering management expertise and enhancing its influence on overseas markets.