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Contracts for French groups in China

2023-04-06T17:57:30.185Z


Several partnerships have been signed by French companies, on the sidelines of Emmanuel Macron's state visit.


Several agreements and contracts have been signed by French companies, on the sidelines of Emmanuel Macron's state visit to China, which ends this Friday.

Guillaume Faury, Executive Chairman of Airbus, amplified the cooperation initiated in the mid-2000s with the Chinese aeronautics industry.

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The European giant will open a second A320neo assembly line in Tianjin, in order to double production in China (currently four planes per month) by 2025. And the public agency, which buys planes on behalf local airlines, has undertaken to order 160 Airbuses.

Read alsoAirbus is recruiting massively to beef up its production

For its part, EDF and the Chinese nuclear giant CGN renewed their partnership, which began in 2007. It has already materialized with the construction of an EPR, the only one in service in the world.

The electrician has also signed agreements with its counterparts CHN Energy and Spic for an offshore wind project. The shipowner CMA CGM has entered into a partnership with Cosco, the world leader, and with the port of Shanghai in the decarbonisation of maritime transport.

Suez and L'Oreal

The three partners will supply bioethanol and e-methanol to the boats.

Suez has signed an agreement with Wanhua Chemical for a seawater desalination project. Engineering company GTT and PipeChina have also partnered on membrane liquefied natural gas (LNG) tank technology, to make storage tanks.

In consumer goods, L'Oréal, the world leader in cosmetics, has signed a three-year partnership with e-commerce giant Alibaba, which focuses on "

sustainable consumption

" of cosmetics.

The French group has also entered into an agreement with the Shanghai Oriental Beauty Valley consortium, with the assistance of Business France, to create an incubation platform in Shanghai to enable French cosmetics start-ups and SMEs to develop their business. in the Chinese market.

Finally, representatives of the French pork sector obtained new authorizations (15 in all) for exports to China.

Source: lefigaro

All business articles on 2023-04-06

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