Shanxi International Economic & Technical Cooperation Co., Ltd. (“SHINETEC”) is a wholly-owned subsidiary of Shanxi Construction Investment Group Co., Ltd. (“Shanxi CIG”), which was established to better adapt to the overseas market against the background of the Group’s expanding overseas business. SHINETEC has taken over all the marketing resources, business and operation team of the former overseas department of Shanxi CIG, and is the leading enterprise in the international economic and trade sector of Shanxi CIG, with the glorious mission of creating a new glory for the Group’s overseas business.
SHINETEC’s overseas business can be traced back to the 1980s, and has now formed a comprehensive business structure with six major sections, including international engineering contracting, international investment and financing cooperation, China-aid projects and Chinese embassy and consulate construction projects, international economic and technical cooperation, central and local joint subcontracting and human resource outsourcing, international import and export trade, and medical comprehensive new business. As a leading foreign economic enterprise in Shanxi Province, SHINETEC is fully involved in the construction of overseas highways, bridges, municipalities, public and civil buildings, electric power, new energy and other fields, always showing a good image of Shanxi Province and Shanxi enterprises to the world. In the face of fiercer competition in overseas markets, SHINETEC upholds the development concept of “openness, integration, innovation and hard work”, and focuses on improving its resource allocation capability, international market development capability, industry innovation capability and brand operation capability to achieve new and better results in its overseas business. The total amount and other major economic and technical indicators have doubled continuously.
At present, SHINETEC has set up branches, subsidiaries and managerial departments in more than 20 countries and regions such as Hong Kong and Malaysia, and undertaken hundreds of overseas projects in 61 countries in Asia, Africa, Europe, America and Oceania. A large number of projects with international influence, such as the China Aid project of the maintenance and renovation of the Bandaranaike International Convention Center in Sri Lanka, China Aid Levi Mwanawasa Hospital Project in Zambia, China Aid Yaounde Stadium Project in Cameroon, China Aid Yaounde Stadium Construction Project in Cameroon, Bole International Airport Terminal Expansion Project in Ethiopia and Southern Marina Mixed Development Project in Malaysia have been highly praised by the Party and state leaders, as well as by the Ministry of Foreign Affairs and the Ministry of Commerce, and have been awarded as “advanced unit in foreign economic work” by the Shanxi provincial party committee and the provincial government in successive years. The company has been recognized as a “strong, well-managed and reliable partner” by the government and owners of the host country, and has won the highest national award for overseas projects, including the Luban Award, the ENR Award of Merit and the “Chinese Enterprise Management Excellence Award” issued by China’s embassies abroad. The company has won many awards, such as the “International Labor Service Cooperation Management Excellence Award”, “International Labor Service Cooperation Management Excellence Award”, etc., which laid a solid foundation for the company to further develop its international business and established a proud reputation for Chinese enterprises in overseas markets.
Over the past decade, SHINETEC has undertaken more than 100 international engineering projects, Among them, Yaoundé gymnasium in Cameroon won the “Luban Award” for the first batch of overseas projects. The China-aid Levy Mwanawasa Hospital in Zambia won the ENR Global Best Projects 2021 Best Project. Bangui Branch, Central African Republic, BEAC won the ENR Global Best Projects 2020 Award of Merit, Office. Southern Marina Residences won the ENR Global Best Projects 2019 Award of Merit, Retail/Mixed-Use Development.
In 2020, when the new coronary pneumonia epidemic hits the world, SHINETEC, with the mission of helping to build the community of human destiny, has been entrusted by the Shanxi Provincial Epidemic Prevention Leading Group to conduct global procurement of medical supplies that are in short supply in the province, and at the same time, within the framework of the national policy of exporting medical supplies in an orderly manner, SHINETEC is doing its best to bring China’s experience in fighting the new coronary pneumonia epidemic to the world.
Looking to the future, SHINETEC will respond positively to the national “Belt and Road” initiative, firmly implement the Group’s “Overseas Priority Strategy”, fully stimulate the internal motivation, strive to improve the business level, meticulously plan the overseas market layout, scientifically formulate international development strategies, and continue to maintain the leading enterprise of foreign trade in Shanxi Province, and strive to become a highly competitive and influential international contractor in the industry, contribute more quality projects, and write a new chapter for inheriting and deepening international friendship.
