Sept. 17th , 2015/ Jereh Group was named by The Statistical Society for Foreign Economic Relations and Trade of China as one of the 2015 China Top 500 Private Foreign Trade Enterprises.
The top 3 foreign trade enterprises are Sinopec, CNPC and Foxconn. As a platform to help more Chinese enterprises go global, the forum is working together with all resources to establish a strategy support system for going out.
Themed with the topic of Co-building Belt & Road, Initiating a New Pattern of Opening Up, Jiang Zhe, vice chairman of the society, said that in 2015, the government is making efforts to promote the reform and opening up policy and build a moderately prosperous society. The core mission of foreign trade is stable growth and structure adjustment.
In the past years, Jereh is also working on its overseas market as one of the important corporate strategies. Early in 2005, Jereh slurry mixing skid was exported to North America, which witnessed the opening of Jereh’s international market. In 2011, a full set of fracturing spread for shale gas production entered into American market; In July 2013, Jereh became the first Chinese enterprise to provide high power reciprocating compressors for Turkey’s first salt lake underground gas storage project; In June 2014, 970 sets of oilfield equipment amounted 174.7 million dollar was delivered to NOC of Venezuela (PDVSA), greatly enhancing the influence of China’s O&G equipment in the international market.
According to the 2014 financial report, Jereh’s overseas market revenue is 40% and it is expected to reach 60% or even higher in 2018. Until now, Jereh has been operating in more than countries and regions.
The government-proposed Belt & Road Initiative offers a good opportunity for private enterprises to go out. Jereh, as a leading non-state owned oilfield equipment manufacturer and engineering services provider, will continue to make contribution to support the stable growth of national foreign trade, as well as seize chances to achieve greater breakthrough in overseas market.