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Fives is attending 1st China International Import Expo and signed ten contracts in four industrial sectors, totaling more than $150 million

2018-11-08 20:20
https://photos.prnasia.com/prnvar/20181108/2293907-1-a

SHANGHAI, Nov. 8, 2018 /PRNewswire/ -- The CIIE is held from November 5 to 10, 2018, in Shanghai and is designed to further optimize the country's trade structure with the rest of the world. The expo is expected to host over 2,800 companies from over 130 countries and regions, with the total exhibition area of the CIIE exceeding 240,000 square meters and covering aspects of national trade, investment and business. This year, Fives is exhibiting at CIIE with a focus on intelligent manufacturing and industrial digitalization.

Fives signing cooperation agreement with Baowu group, Benxi steel and Fujian Fuxin in the steel sector
Fives signing cooperation agreement with Baowu group, Benxi steel and Fujian Fuxin in the steel sector

With a strong manufacturing industry, China accounts for 20% of global manufacturing output and is expected to import $10 trillion worth of goods and services in the next five years, bringing many opportunities for global companies.

From their booth at the High-end Intelligent Manufacturing Hall 4.1, Fives is displaying high-end technology and industrial intelligence solutions for aeronautic, aerospace, automotive, steel, aluminum, energy and glass sectors.

Fives is signing cooperation agreement with Fuda group, Fein tool and Zhejiang Shuanghuan in automotive sector
Fives is signing cooperation agreement with Fuda group, Fein tool and Zhejiang Shuanghuan in automotive sector

In two days, they have signed contracts with ten businesses including AVIC, Baosteel, Benxi Steel, Fuda Group, Praxair, Feintool and Zhejiang Shuanghuan, with a total value of more than $150M USD.

Fives is signing cooperation agreement with China National Coal group, Praxair and AVIC in energy and aerospace sector
Fives is signing cooperation agreement with China National Coal group, Praxair and AVIC in energy and aerospace sector

Fives is an international industrial engineering group with a history of more than 200 years. As the leading enterprise of "The industry of the future" appointed by the French government, Fives has made great contributions to promoting the cooperation of intelligent manufacturing in the Sino-French industry.

Frederic Sanchez, Chairman of Fives' Executive Board, when interviewed on CCTV, stated, "Fives immediately decided to take part when China announced that it would hold the CIIE. The CIIE demonstrates to the world that the door of China is opening wider. We cannot reverse history, and the trade protectionism is not a good way to solve the problem. Only when countries work together and practice multilateralism, can the world can develop effectively. The CIIE is held at the right time. In the four decades of reforms and the increasing openness of the Chinese market, Fives has witnessed the rapid development of China. Fives is confident in China's future development and believes that Fives will continue to find more and better opportunities in China, adding value and innovation to the Chinese economy. China's economy is the world's second-largest economy today and is undergoing economic reform - the potential is enormous. This huge potential exists in a win-win relationship, and we need to find a consensus that allows everyone to gain value in equal measure."

About Fives

As an industrial engineering Group with a heritage of over 200 years, Fives designs and supplies machines, process equipment and production lines for the world's largest industrial players in various sectors such as steel, aerospace and special machining, aluminum, the automotive and manufacturing industries, cement, energy, logistics and glass. The effectiveness of its R&D programs enables Fives to design forward-thinking solutions that anticipate industrials' needs in terms of profitability, performance, quality, safety and respect for the environment.

In 2017, Fives achieved a turnover of €1.9 billion and employed close to 8,700 people in about thirty countries.

Photo - https://photos.prnasia.com/prnh/20181108/2293907-1-a
Photo - https://photos.prnasia.com/prnh/20181108/2293907-1-b
Photo - https://photos.prnasia.com/prnh/20181108/2293907-1-c

Source: Fives

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