Technip and HQC create two JV's to improve access to European and Chinese markets

Technip announces that its operating center in Rome, Italy, has signed an agreement with China Huanqiu Contracting & Engineering Corporation (HQC) to set up two joint-venture companies. Headquartered in Rome and Beijing, China, they will be responsible for procurement activities, respectively on the European and Chinese markets.

These companies will perform procurement activities for worldwide onshore and offshore projects.

By establishing a local presence, and thus eliminating the cultural and language barriers, these new companies will allow an immediate knowledge and access to the local suppliers market, based on Technip and HQC’s experience.

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