Xinhang Technology established "Xinhang Technology Infrastructure Co., Ltd." in Ukraine
On the morning of January 15, 2019, Xinhang Technology Infrastructure Co., Ltd. officially signed the agreement to enter the Umbala National Industrial Park in Zhongmu, marking that Xinhang Technology officially settled in Uganda under the guidance of the “Belt and Road” policy, and to the East African Community Export advanced productivity.
Xinhang Technology Infrastructure Co., Ltd. covers an area of 20 acres with an investment of 50 million U.S. dollars. The business involves hot-dip anti-corrosion galvanizing plants, power transmission and transformation towers, communication base stations, railway electrification equipment, municipal light poles, highway guardrails and other types of steel. The research and development, design, production, sales, installation and maintenance of structural products will fully promote the development of Uganda's power, communications and transportation infrastructure, and create the first power industry production cluster in East Africa.
The joining of Xinhang Technology means that more Hebei enterprises respond to the "Belt and Road" initiative and participate in the "Belt and Road" construction. It also means that Hebei Province and Uganda will usher in a deeper level of economic and trade exchanges and capacity cooperation. More enterprises from Hebei will choose to seize the development opportunities of the “Belt and Road” and invest in Uganda, Africa.