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News details

Chemical construction companies face multiple challenges

[Abstract]:
Atthe2012AnnualMeetingoftheChinaChemicalConstructionEnterpriseAssociationandthesecondhigh-qualityprojectcommendationexchangemeetingheldinHangzhouonApril10-11,therelevantpersoninchargeoftheassociationsaidthatthesituationin2012isnotoptimistic,andenterprisesshouldhaveacomprehensiveandprofoundunderstanding.Bepreparedtodealwithallkindsofdifficulties. AccordingtoYuJinbo,chairmanoftheChinaChemicalConstructionEnterpriseAssociation,themainbusinessincomeoftheconstructionenterprisesunderthefirst-classconstructiongeneralcontractingqualificationoftheassociationwasabout58billionyuanin2011,anincreaseofmorethan44%overthepreviousyear;themembercompaniesoftheengineeringcompanyrealizedthenewsigning.Thecontractvaluewas45.68billionyuan,anincreaseof167.2%overthepreviousyear.Themainconstructionenterprisesrealizedatotalprofitofabout1.1billionyuan,anincreaseofnearly30%overthepreviousyear.Majormembercompanieshavecompletedmorethan7billionyuanofoverseascontracts,andgreatprogresshasbeenmadeinoverseasoperations. YuJinboalsosaidthattheinternationalanddomesticsituationthisyearismorecomplicated.First,theinternationalengineeringcontractingmarketfacesprotectionistrestrictionssuchasmarketaccess,technicalbarriers,andlaborimportrestrictions,resultinginshrinkinginternationalmarkets,insufficientdemand,andincreasingmarket,security,andpoliticalrisks,whichhaveaverynegativeimpactonconstructioncompaniesgoingoverseas..Secondly,thelocalfinancialrisksandthecoldeningoflandmarkettransactionshaveconstrainedthelocalinvestmentfinancingcapacity.Theriseofcorporatefactorcostshasbecomethenorm.Itwillbringmorechallengestoenterprisestoundertaketasks,recoverfunds,reducecostsandcontrolprojectrisks. YuJinbostressedthatconstructionenterprisesshouldcontinuouslyincreaseinvestmentinscienceandtechnologyinnovation,strengthentheconstructionofprojectmanagementsystem,andimproveriskmanagementandcontrol. Atthemeeting,19chemicalunitssuchasChinaChemicalEngineeringThirdConstructionCo.,Ltd.wereawardedthetitleofAdvancedUnitforQualityEngineeringinthechemicalindustry,and27peopleincludingZhouQinghaiwereawardedthetitleofoutstandingcontributiontoqualityengineering.
At the 2012 Annual Meeting of the China Chemical Construction Enterprise Association and the second high-quality project commendation exchange meeting held in Hangzhou on April 10-11, the relevant person in charge of the association said that the situation in 2012 is not optimistic, and enterprises should have a comprehensive and profound understanding. Be prepared to deal with all kinds of difficulties.
 
According to Yu Jinbo, chairman of the China Chemical Construction Enterprise Association, the main business income of the construction enterprises under the first-class construction general contracting qualification of the association was about 58 billion yuan in 2011, an increase of more than 44% over the previous year; the member companies of the engineering company realized the new signing. The contract value was 45.68 billion yuan, an increase of 167.2% over the previous year. The main construction enterprises realized a total profit of about 1.1 billion yuan, an increase of nearly 30% over the previous year. Major member companies have completed more than 7 billion yuan of overseas contracts, and great progress has been made in overseas operations.
 
Yu Jinbo also said that the international and domestic situation this year is more complicated. First, the international engineering contracting market faces protectionist restrictions such as market access, technical barriers, and labor import restrictions, resulting in shrinking international markets, insufficient demand, and increasing market, security, and political risks, which have a very negative impact on construction companies going overseas. . Secondly, the local financial risks and the coldening of land market transactions have constrained the local investment financing capacity. The rise of corporate factor costs has become the norm. It will bring more challenges to enterprises to undertake tasks, recover funds, reduce costs and control project risks.
 
Yu Jinbo stressed that construction enterprises should continuously increase investment in science and technology innovation, strengthen the construction of project management system, and improve risk management and control.
 
At the meeting, 19 chemical units such as China Chemical Engineering Third Construction Co., Ltd. were awarded the title of Advanced Unit for Quality Engineering in the chemical industry, and 27 people including Zhou Qinghai were awarded the title of outstanding contribution to quality engineering.
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Chemical construction companies face multiple challenges

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