Strategic cooperation KenzFigee and CMIC
KenzFigee and CMIC signed a Strategic Cooperation Agreement to explore how both companies can complement each other with regards to the design and supply of identified key products needed to meet the fast growing offshore wind market in China.
This cooperation is a result of the rapidly emerging market and the huge and urgent need for offshore renewable energy products for Chinese (offshore) wind farms, WTIVs (wind turbine installation vessels) and SOV’s (service operation vessels). This approach will benefit our clients and will result in a stronger market position for both CMIC and KenzFigee. Furthermore, parties have the intention to investigate a potential partnership for possible cooperation of large installation cranes and other equipment for the (wind) offshore market.
“We are excited to work with CMIC and be able to offer solutions for the rapidly emerging market for offshore renewables in China. Through this cooperation we will be able to leverage the vast experience of both companies”, says Maikel Takken, CEO of KenzFigee. “We are very much looking forward to this cooperation and to bringing this plan to full execution.” “The signing of this agreement brings together the strengths of both companies to provide complementary factors of specialised technology, manufacturing capabilities, and project financing to fill an opportune supply gap”, states Jiang Binghua, CEO of CMIC. He adds: “It will also effectively support the strong growth of our renewable energy business, whereas KenzFigee’s rich experience will add significant value to the markets in China and East Asian region.”