Hong Kong's CMG to Sign USD300 Million in Deals at CIIE
Wang Yufeng
/SOURCE : Yicai
Hong Kong's CMG to Sign USD300 Million in Deals at CIIE

(Yicai Global) Nov. 5 -- Hong Kong-based transport investor China Merchants Group is expecting to pen agreements worth up to USD300 million at the international trade fair in Shanghai where it has invited eight partners to attend.

The CMG will sign six to eight high-value agreements with international allies like Sinopec Fuel Oil Singapore, Norwegian oil tech provider Kongsberg Gruppen, US conglomerate General Electric, US oilfield hauling firm Mann Energy and marine fuel provider ExxonMobil Marine Lubricants.

The eight partners are two Sri Lankan firms, namely Colombo International Container Terminals and Hambantota International Port Group Private Limited, France's Terminal Link, Djibouti Ports & Free Zones Authority, Port of Hamburg, Nigeria's Tin-Can Island Container Terminal, Brazil's Paranagua Container Terminal and Greece's Thessaloniki Port Authority.

The first CIIE is a grand expo which opens the market and brings opportunities for global partners, the participants said.

Moreover,  Belarusian government is showcasing the China-Belarus industrial Park, which is jointly built with the CMG, at the national pavilion for the eastern European country at the fair.

The CMG has diversified the products it brings to China from vessels to food, cars and marine products, and the firm boosted its imports to more than CNY5 billion (USD700 million) last year.

The CIIE is held at the National Convention & Exhibition Center in Shanghai from Nov. 5 to 10, and the city is expecting participants from over 170 countries and more than 3,600 firms.

Editor: Emmi Laine

Follow Yicai Global on
Keywords: China Merchants Group , Logistics Service Providers