MOSCOW TIME: 19.08.2019 15:08:02

Companies + Economy + Local News

A Chinese corporation to appear in the Primorye Territory

A Chinese corporation to appear in the Primorye Territory

One of major Chinese corporations will open a branch in the Primorye Territory. This was discussed at a meeting between Director of the Primorye Territory International Cooperation Department Aleksey Starchikov, Chairman of the Management Board of Junte Lunsin Investment Development Company Jang Min and Deputy General Director and Head of the Russian Communication Unit of China's Electric Power Engineering Company Limited (Sinomec) Jan Xin.



A Chinese corporation to appear in the Primorye Territory


One of major Chinese corporations will open a branch in the Primorye Territory. This was discussed at a meeting between Director of the Primorye Territory International Cooperation Department Aleksey Starchikov, Chairman of the Management Board of Junte Lunsin Investment Development Company Jang Min and Deputy General Director and Head of the Russian Communication Unit of China's Electric Power Engineering Company Limited (Sinomec) Jan Xin.


Alexey Starchikov also offered the guests to take part in infrastructural projects to be hosted by the Primorye Integrated Resort and Leisure Area and join the efforts aimed to develop small energy initiatives in the north areas of the Territory on a PPP basis.


Jan Min thanked residents of the Primorye Territory for their warm hospitality and noted that the corporation has a footprint in more than 100 countries of the world and plans to open its representative office in the Primorye Territory shortly. Junte Lunsin Investment Development Company ranks among Top 100 major corporations of the world leading in power energy and petrochemistry. We also have 28 research and development centers in China. We hope that the launching of our operations in the Primorye Territory will facilitate our extension to other Russian regions", he said.


Alexey Starchikov added that the most favorable investment conditions will be offered to the company in Primorye thanks to the preferences provided for in the Law on Vladivostok Free Port and those featured by advanced development areas.



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