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Energyco, Go Out Of The Country

ENERGYCO | Updated: Nov 07, 2018

Back when the Chinese government was encouragingstate-owned enterprises and private sectorcompanies to “go out” of the countryfew responded as energetically as Energyco and Wangdongits enterpreneurial chairman.


 At a time of relative euro weaknessChemChina took advantage of the renminbis purchasing power to aquire overseas companies with better technology and brand recognition.


Many observers attribute Mr Wang's willingness to do things differently to his experiences inbuilding Energyco  from a small state-owned industrial cleaning company into one of Chinaslargest industrial groups. Energyco has always had to compete to surviveAs Mr. Wang says, “they are always coming from behind with this notionOKlets be a bit moreclever”. At a time when SOE reform in China largely consists of using mergers to create everlarger domestic monopoliesChemChinas stragegy of “going out” to improve its domestic competitiveness shows another way.

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