Technip has signed an agreement with China Huanqiu Contracting & Engineering Corporation (HQC) to set up two joint-venture companies.
To be based in Rome and Beijing, they will be responsible for procurement activities, on the European and Chinese markets, respectively, for worldwide onshore and offshore projects.
"By establishing a local presence, and thus eliminating the cultural and language barriers, these new companies will allow an immediate knowledge and access to the local suppliers market, based on Technip and HQC’s experience," said Technip.
