EXCEL MARCO SIGNS MOU WITH BEIJING CONSEN FOR STRATEGIC PARTNERSHIP ON OIL & GAS PROJECTS
Jan 20, 2011
Excel Marco has entered a Memorandum of Understanding (MOU) with Beijing Consen Oil & Gas Process Control Equipment Company Limited (China) aimed at expanding its business activities in China. Consen has strong market presence in the onshore oil and gas industry. Excel Marco will be carrying out joint marketing and sales efforts with Consen, particularly with access to contacts in shipyards, design institutes and end-user companies in China.
The signing of the MOU represented by Mr. Duan Min, President of Beijing Consen and Mr. David Ong, Managing Director of Excel Marco strengthens the relationship between Consen and Excel Marco. It creates a great opportunity for both companies to synergize their marketing and sales efforts in the International onshore and China offshore oil and gas markets. Mr. David Ong, Managing Director for Excel Marco, said that, “We are truly upbeat about the prospects of generating new business with our mutual synergies. Leveraging on China’s cost effective resources while maintaining international design standards will put us in a good stead to take advantage of the growth potential in China.”
Beijing Consen Oil & Gas Process Control Equipment Co Ltd is a subsidiary of China Automation Group (CAG). China Automation Group Limited (“China Automation Group” and its subsidiaries, collectively, the “Group”) is the largest integrated solutions provider of safety and critical control systems in the petrochemical industry in the PRC, and one of the largest solutions providers of railway signaling systems in the PRC. Consen International (Hong Kong) Limited, is a subsidiary of CAG Limited, a Hong Kong Exchange listed Hang Seng Index company.