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Haijiang Group Invests 4.1% in Beijing Yanhua Engineering and Construction Co.

Published:2020-11-17 Author:Haijiang Group

? ? Recently, Haijiang Group successfully invested 4.1% shares in Beijing Yanhua Construction & Engineering CO., LTD (BYCE)! The further increase of shareholding ratio fully demonstrates the strong strength of Haijiang Group. The successful investment in BYCE also means that Haijiang Group has taken a milestone step towards the ambitious goal of creating an "eco-friendly technology". Both parties will seek to establish a comprehensive, long-term strategic partnership based on the full play of their respective advantages and resources, and scientifically and rationally arrange the construction of the combined resources in stages, and strive to build a leading domestic eco-friendly technology enterprise.

Beijing Yanhua Engineering Construction Co., Ltd. is an engineering construction enterprise integrating petrochemical engineering general contracting, pressure vessel (non-standard equipment) design and manufacturing, petrochemical plant maintenance and operation and overhaul, engineering project management, engineering technology development and house demolition, bridge demolition and petrochemical plant demolition earthwork services. The company's predecessor is Beijing Yanhua Construction and Installation Engineering Company (Sinopec Group First Construction Company), which was officially renamed as Beijing Yanhua Engineering Construction Company Limited in 2011, and is one of the senior large-scale petrochemical engineering construction enterprises in China. The company covers an area of 960,000㎡, with registered capital of RMB133 million and fixed assets of RMB758 million. The annual production capacity of construction and safety reaches 2 billion yuan, and the annual processing of various types of pressure vessels is 18,000 tons: it has a production base of 960,000㎡ and more than 3,000 sets of various mechanical equipment.

? ? The company has been engaged in petrochemical engineering and construction for more than 40 years and has built more than 200 sets of various petrochemical plants and supporting projects, all of which have met the design standards and specifications and have been put into operation at once. In 1994, the first expansion project of 450,000 tons/year ethylene plant in China was successfully started at once and won the "Luban Award", the highest award in the construction industry of the People's Republic of China.?This project was also awarded "100 Classic and Excellent Projects in the 60th Anniversary of the Founding of New China" by China Construction Industry Association in 2009. In the past 10 years,12projects of the company were awarded "Sinopec Quality Project Award",6 projects were awarded "National Excellent Welding Project" and 1 project was awarded "National Customer Satisfaction Project".?For many years, the company has been awarded the honorary title of "Contract-abiding and Credible Unit" at the national level and in Beijing. We have also been awarded the honorary titles of "Beijing Advanced Enterprise", "Excellent Management Enterprise", "High-tech Enterprise" and "Beijing Harmonious Labor Relations Unit", etc.

? ? Haijiang Technology Group (abbreviated as Haijiang Group), a subsidiary of Beijing Haijiang Holding Group Co., Ltd, headquartered in Tongzhou District, Beijing, was established on March 21,2014. It is an ecological and environmental protection technology enterprise integrating four business sectors: intelligent demolition engineering, circular economy, intelligent equipment and ecological restoration.?Corporate mission of Haijiang Group is to focus on the resource recycling and its endless use. The Group implements the management concept of "Lucid waters and lush mountains are invaluable assets" and the development idea of continuous resource recycling to promote the development of green economy and create an integrated ecological and environmental protection industry chain. In 2017, haijiang group was invited to participate in the formulation of the “Technical Guide for the Prevention and Control of Pollution from Enterprise Demolition Activities”released by the Ministry of Environmental Protection. In the same year, Beijing Municipal Administration of Work Safety commended Haijiang Group for its outstanding performance in the safe dismantling of installations and facilities of Beijing Oriental Chemical Plant and related enterprises. The company has been awarded "China Environmental Protection Industry Backbone Enterprise", "Industry AAAAA Credit Unit" and "Contract and Credit Enterprise". By 2020, the Group's business now has covered 15 provinces, cities and autonomous regions, and has basically achieved the development strategy.?In the future, the Group will continue to devote itself to building industrial ecology, demolition intelligence and utilization maximization to become the most influential comprehensive industrial group among Chinese enterprises in the environmental protection field.

? ? This investment in Yanhua has improved the overall business layout and construction of Haijiang Group, realized the overall strategic planning, resource integration, technology research and development and other areas of comprehensive improvement, and laid a solid foundation for the creation of "eco-friendly technology" enterprise. By joining hands, both sides will build the strongest strategic alliance. At the same time, Haijiang Group also expects to continue in-depth communication and close cooperation with Beijing Yanhua in the coming period to promote the smooth implementation of the project.
? ? In the future, Haijiang Group will focus on building an industry chain of ecological and environmental protection technology and recycling, further promote the development of environmental protection industry, vigorously play the advantages of an intelligent engineering service platform, implement the integration of circular economy and strategic planning for sustainable development of enterprises, and strive to become a major force in promoting the structure of environmental protection industry as soon as possible.

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