As the world’s largest Free Trade Agreement, RCEP has injected a strong impetus into the growth of global trade and investment, promoting common developments of the global economy.
In recent years, Conch Group has steadily promoted international development, strengthened economic and trade cooperation in RCEP region by investing in Indonesia, Myanmar, Laos, Thailand, Cambodia and other RCEP member countries, with an investment scale of over 13 billion yuan.
There are several large-scale projects taking root and blossoming in RCEP member countries, including South Kalimantan Conch Cement, West Papua Conch Cement, Indonesia Conch Cement, North Sulawesi Conch Cement, Myanmar Conch Cement, Myanmar Conch Profiles, Mandalay Conch Cement, Luang Prabang Conch Cement, Battambang Conch Cement and Thailand Conch Profiles.
Conch has become one of the top 100 multinational companies in China. Ithas provided momentum for high-quality RCEP implementation and joint development of Belt and Road Initiative, making the company a bellwether in the international development of China’s building materials industry.
Conch’s development path in RCEP Region
A Road to Facilitate Trade
Conch has made the best of policy advantage, continuously deepened RCEP regional economic and trade cooperation. It has consolidated and expanded the regional industrial chain, supply chain and value chain, achieved steady development of trade business in agricultural products textiles and building materials in RCEP member countries.
With trade volume reaching 14 billion US Dollar
Conch Group has opened up a new trade cooperation channel, by promoting high-end equipment in overseas market, with exports of cement complete equipment and shield machines amounting to nearly 3 billion yuan.
A Road to Facilitate Infrastructure Connectivity
Ranging from ASEAN to RCEP, Conch has exported the most advanced technology and equipment from China, built green benchmark factories and created an international renowned brand. Its products are widely used in RCEP member country’s major projects,such as China-Laos Railway, Angkor International Airpor, Techo International Airport, Phnom Penh- Sihanoukville Expressway, Delong Industrial Park in Indonesia and Indonesia Morowali Industrial Park, boosting infrastructure connectivity as well as economic and social development in RCEP member countries.
A Road to Enhance Connectivity Between People
Conch has fully integrated in RCEP regional projects into local community, under the localization strategy, with nearly 4,500 overseas employees. And a localization rate of 80%, creating tens of thousands of job opportunities, for the benefit of local people, gaining universal popularity and high recognition from RCEP member countries, making it a shining pearl of RCEP regional development. Only when more countries generously offer their favorable beauty for cooperation, can the shared prosperity be achieved.
Conch will embrace the new opportunities of RCEP, push high-quality joint development of Belt and Road Initiative, deeply integrate into the new development paradigm featuring dual circulation, in which domestic and overseas markets reinforce each other, continuously improve global competitiveness and influence, accelerate towards becoming a world-class enterprise, and contribute to the building of a community with a shared future for mankind.