LX International
LG International to Expand China Business
2015.04.21LG International CEO Song Chi-ho signed here an MOU with Governor Liu Weiping for a joint investment with Gansu Diantou, the province’s major investment group, to revitalize LGI’s China business, the company announced on March 19. Also in the meeting were Vice Governor Huang Qiang, Chief Secretary Zhang Shengzhen, and other high-ranking provincial officials. Song and Governor Liu also discussed the province’s major development plans, and agreed to cooperate for successful business investments.
LGI’s MOU with the Gansu Diantou Group was on their joint investment in power generation and logistics projects. The Chinese group, Gansusheng’s 100% government-invested large investor, develops coal and railroad transport systems and runs power generation businesses such as coal, hydraulic, and wind power generation. With the MOU signing, LGI is poised to pursue strategic alliances with the Chinese Group through projects such as the construction of a coal-fired cogeneration power station in Wuwei, a hydroelectric power station in Hekou, and a coal-fired power station in Jiuquan Changle.
LGI’s MOU with the Gansu Diantou Group was on their joint investment in power generation and logistics projects. The Chinese group, Gansusheng’s 100% government-invested large investor, develops coal and railroad transport systems and runs power generation businesses such as coal, hydraulic, and wind power generation. With the MOU signing, LGI is poised to pursue strategic alliances with the Chinese Group through projects such as the construction of a coal-fired cogeneration power station in Wuwei, a hydroelectric power station in Hekou, and a coal-fired power station in Jiuquan Changle.
