In recent years, with the rapid development of China’s manufacturing industry and the acceleration of the internationalization process, “manufacturing to the sea” has become an inevitable trend of China’s economic development.

In the field of industrial control, many enterprises have actively expanded overseas markets and participated in international competition by setting up overseas production bases, carrying out transnational mergers and acquisitions, establishing sales networks, opening foreign investment, and realizing technology transfer, so that Chinese manufacturing has gradually gone abroad.

Huichuan technology

In 2022, Huichuan Technology proposed a new strategy of “stepping internationalization”, accelerated overseas business layout, and comprehensively promoted the GLOBALOCAL(Local for Local, international localization) model. Since the implementation of the internationalization strategy, the company has completed the traction of overseas customer needs, and determined the idea of fully landing “international localization” in marketing services, research and development, supply chain and other aspects.

In order to support the company’s internationalization process and continue to meet the increasingly strong local supply needs of international customers, Huichuan officially set up the first European production base in Hungary in 2022. At present, the Hungarian factory has been put into use as the logistics center of Huichuan in Europe, and has carried out trial production of some elevator electrical products, which is expected to achieve mass production and delivery by the end of 2023.

In Vietnam, Thailand and other Southeast Asian markets, Huichuan technology combined with industry distribution, market capacity, process needs, overseas teams to provide customers with high stability and energy saving solutions to meet the diversified needs of customers. Successfully completed the construction of MD880 multi-drive frequency converter, HD high-voltage series frequency converter in cement factory, battery energy storage and other projects.

From the product point of view, elevator products are still the main contribution to the overseas business income of Huichuan Technology, and the sales of low-voltage inverter, servo and other products are steadily increasing.

Central control technology

In September 2023, Zhongkong Technology intends to set up four overseas wholly-owned subsidiaries through the overseas investment holding platform Zhongkong International Holdings, with a total investment of 1.744 billion yuan (equivalent to about 240 million US dollars), funded by the company’s GDR funds.

In April, Zhongkong Technology completed the GDR issuance and listed on the Swiss Stock exchange, raising a total of about 565 million US dollars, the total investment of the four wholly-owned subsidiaries of Zhongkong Technology, accounting for about 42.5% of the total amount of GDR raised by the company.

It is noteworthy that since 2023, China Control technology has achieved a number of major breakthroughs in overseas markets. In the first half of 2023, the company achieved new overseas contracts of 304 million yuan, an increase of 109.6%.

The company continues to increase its market layout and development in Southeast Asia, the Middle East, Africa, Eurasia and other overseas regions, set up subsidiaries in Singapore, Saudi Arabia, Japan, the Netherlands, India, Malaysia, Indonesia and other countries, and continuously improve overseas localization operation capabilities to provide overseas users with better services. The company’s core products have been successfully applied to more than 50 countries.

According to Zhongcon Technology, the company’s cooperation with Saudi Aramco, Shell, BASF, ExxonMobil and other international high-end customers is deepening, and successfully won the bid for the digitalization project of Saudi Aramco Holding company and the world’s largest single shipyard Saudi International Maritime Industry Group, which marks the company’s outstanding ability to empower the intelligent construction of the world’s top large-scale shipyards. It is a major breakthrough for the company in the overseas market.

In addition, the successful acquisition of instrument orders such as pressure transmitters from Kuwait Petroleum Company demonstrates the company’s excellent strength in the field of autonomous instrument products.