CIMC Takes 60 Million Order from Saudi Chemical Giant to Enter Middle East Gas Storage Engineering Market

Recently, Jingmen Hongtu Special Aircraft Manufacturing Co., Ltd. (hereinafter referred to as “Jingmen Hongtu”), a subsidiary of CIMC Enric, has signed multiple orders for 4,750 cubic meters of butadiene spherical tank projects with Saudi Arabia's chemical giant SABIC, formally entering the Saudi Arabia's gas storage engineering market. Jingmen Hongtu is also the only Chinese spherical tank enterprise to be shortlisted on the list of SABIC's global suppliers, which sets a new benchmark for "Made in China" going global.

According to the cooperation agreement, Jingmen Hongtu will provide gas storage products and ancillary services for SABIC's “AMIRAL” project in the industrial city of Jubail, Saudi Arabia, aimed at supporting the development of related local industries. The total contract value exceeds RMB 60 million, covering a full range of services including product supply, project management, design, material supply, prefabrication, installation and maintenance. This is the first engineering project that Jingmen Hongtu has landed in Saudi Arabia, and it is also an important milestone for the company's diversified business layout in the Middle East market.

SABIC is one of the world's leading diversified chemical companies and one of the world's largest petrochemicals manufacturers. Headquartered in Riyadh, Saudi Arabia, the company operates in more than 50 countries worldwide.

In this cooperation, Jingmen Hongtu successfully passed the strict evaluation of SABIC and its designated third-party inspection agencies by virtue of its excellent product quality and engineering construction capacity. As a result, Jingmen Hongtu has become the only Chinese spherical tank enterprise to be shortlisted on the list of SABIC's global qualified suppliers, which marks that the company's products and engineering construction capacity have been recognized by the Saudi Arabia industry leader.

Saudi Arabia is the largest oil producer in the Middle East, boasting great potential in its gas storage and transportation market. CIMC Enric has sold a number of low-temperature semi-trailers, tank containers and storage tank products in the local market before. The implementation of this project will further consolidate the Company's position in the local market.

Tu Xiaohong（涂小红）, General Manager of Jingmen Hongtu, said that winning the bid has far-reaching strategic significance for the Company. It not only built a higher display platform for the Company and enhanced the influence of the Company's overseas brand, but also refined the Company's project bidding ability in an all-around way, ASME standard design ability and construction execution ability in the Middle East through participating in this project, so as to lay a solid foundation for future projects.

Industry insiders pointed out that CIMC Enric's successful entry into the gas storage engineering market in Saudi Arabia not only highlighted the strength of “Made in China”, but also provided Chinese equipment manufacturing enterprises with experience to learn from in their "Going Global" efforts. In the future, CIMC Enric is expected to achieve greater breakthroughs in the Middle East and global markets, injecting new impetus for the international development of “Made in China” brands.