China’s Weichai Power wants Portuguese moulding companies for Weifang industrial project

12 June 2006

Lisbon, Portugal, 12 June – Weichai Power, one of China’s largest diesel engine manufacturers wants to involve Portuguese moulding sector companies in a “large-scale” industrial project in the Weifang Special Area.

Fernando Costa Freire, from Chinese-Portuguese consulting company Edeluc, told Macauhub that the Chinese company last week contacted mould manufacturers when the company’s chairman, Tan Xugang visited Marinha Grande in central Portugal, where many sector companies are located.

Tan, who was recently awarded the “Economic Person of the Year” prize given to the ten most successful business people in China, was part of a Weifang government and corporate delegation which was in Portugal last week, at the invitation of Portuguese Secretary of State for Trade, Fernando Serrasqueiro.

According to Costa Freire, with the aim of developing the relationships begun, a delegation from Portugal’s main moulding industry association, Cefamol, is due to visit Weifang in October.

Along with Weichai Power, the chairman of Yaxing Chemical Group, world leader in polyethylene chloride production, was also present in Portugal. The two are amongst the main companies in the Weifang Technological and Export Processing Development Area, in Shangdong Province.

Edeluc recently acquired the rights for use of almost 40 percent of the Zone, with the aim of housing companies that want to begin activities in China, and has carried out a road show in several European capitals to promote investment.

The Weifang delegation, which was in Portugal between June 6 and 9, was headed by the city’s mayor, Zhang Xinqi, who was met by Portuguese parliamentary president, Jaime Gama, and he also met with the Secretary fo State, the deputy-president of export promotion agency ICEP Portugal, Teresa Moura, and the director-general of the company, Hélder Oliveira.

Zhang said Weifang was interested in welcoming investments by Portuguese companies. (macauhub)