SEDIN and PT. Dexin Steel Indonesia Signed Big Overseas Contract

Time:08 January 2022

SEDIN and PT. Dexin Steel Indonesia Signed Big Overseas Contract

Going out hand in hand, sailing out shoulder by shoulder

China National Chemical Engineering Group Corporation Ltd. is a large-scale state-owned key enterprise group under the direct leadership of the State-owned Assets Supervision and Administration Commission of the State Council. It is a large-scale enterprise group with the most complete qualifications, functions, business chain, and the intensive knowledge and technology in the engineering field in China. It is also the vanguard and forerunner in implementing the Chinese "Going-out" strategy. In 2020, CNCEC accelerated its implementation of global strategy with overseas projects covering more than 60 countries and regions, and ranked 18th among the "World's Largest 250 Engineering Contractors" and 22nd among the "World's Largest 250 International Contractors" by Engineering News Record (ENR) in 2020. PT. Dexin Steel Indonesia is a key national “Belt and Road” project. It is also another important measure taken by Delong Group, a large iron and steel conglomerate, to comply with the national industrial transfer policy, promote the “Going-out” strategy of the iron and steel industry, and develop overseas markets. As the backbone enterprise of CNCEC, SEDIN's overseas business strategy closely follows the strategic deployment of the Group, and we are continuously optimizing our layout of overseas projects with the help of the strong brand influence of CNCEC. Adhering to the concept of "Build a project, make friends, and establish a monument", SEDIN has steadily enhanced the company's core competitiveness in the field of overseas coal and coking chemical industry. The in-depth cooperation between CNCEC and Delong Group will play a positive role in promoting the globalization strategy of both parties, and will surely become a successful example of engineering construction project jointly conducted by China and Indonesia.

SEDIN and PT. Dexin Steel Indonesia Signed Big Overseas Contract

Create a new brand and show new actions

Deepening the reform of state-owned assets and enterprises, developing a mixed-ownership economy, and cultivating world-class enterprises with global competitiveness are the historical tasks shouldered by SOEs in the new era. Actively developing the mixed-ownership economy is an effective way and an inevitable choice to uphold the dominant position of public ownership and enhance the vitality, control and influence of the state-owned economy under the new situation. In order to give full play to the leading role of the key enterprises in coking design, promote technological innovation, management reform and resource sharing of coking, and continue to optimize and strengthen the overseas sector of coking business, SEDIN has adopted the Group's "Three-Year Action Implementation Plan for Deepening Reform" as its guideline, and established SEDIN Coking Technology Co., Ltd. jointly with Jianlong Group, Yizhen Company and Peking University Pioneer Technology Co., Ltd.

The new company will focus on the goal of "building a first-class engineering technology company in the coking industry", fully implement a market-oriented operation model, accelerate the construction of a scientific operation and management mechanism, quickly occupy a larger market share, and become a modern and international engineering company with industry-leading strength, high-quality service, and more business vitality as soon as possible. The successful implementation of this project is a phased result of SEDIN's active response to the requirements of mixed ownership reform of the group company, and it is also another remarkable achievement of the company's deep cultivation in coal and coking chemical industry for key incubation of advantageous technologies over the years. At the same time, the company continues to expand new business across the border with the help of the coking company after the mixed-ownership reform, and uses the advantages of mixed-ownership reform to enhance vitality and win the market, which indicates that the SEDIN’s coking industry is making great strides towards "going out, going far, and going well".

 

Seize new opportunities and start a new journey

The "dual circulation" strategy proposed by the 2020 Central Economic Work Conference is still the focus of current policy formulation. In the international environment of the post-epidemic era, helping countries along the route to develop their economies and mitigate the impact of the epidemic is not only the need for the development of China's economic "external circulation", but also the world's expectation and trust in China, and it is more about keeping promises and showing the mission of a responsible power. In 2021, CNCEC SEDIN will accelerate the construction of a new development pattern with the domestic large cycle as the main body and the domestic and international dual cycles promoting each other, insist on promoting the continuous improvement of modern production level through domestic construction, and provide owners with higher level service through international advanced technology cooperation. At present, the coking industry in the international market has a very broad prospect. As a technology-intensive state-owned large-scale engineering company in the field of coal coking chemical industry, SEDIN has taken the initiative to undertake the arduous task of leading the development of the industry, and has been committed to promoting technological innovation, management innovation, green development and resource sharing in the coking field. At present, SEDIN has established a good cooperative relationship with the Giprokoks, State-owned Design Institute in Ukrainian, and Hude in German. By introducing the technology of top-charging coke ovens of 7m and above, SEDIN has been fully equipped with the ability to jointly develop the domestic and international large-capacity coke oven markets, providing a solid scientific and technological support for winning the international coking market with competitive advantage.