Liu Qi: Shanghai Electric Opposes Vicious Price Competition and Pays Attention to Sustainable and Healthy Development

On March 8th, Liu Qi, Deputy General Manager of Shanghai Electric Group Co., Ltd. participated in the 2011 Tianjin International Wind Power Industry Matchmaking Fair held at the Tianjin Binhai International Convention and Exhibition Center. Liu Qi gave a speech at the sub-forum “Zhuo-Lung” wind power industry chain forum. The theme is "Keeping your hair well and laying the foundation of the industrial chain."

Liu Qi mentioned at the forum that “a key factor for China’s wind power companies to achieve China’s creation is to have a strong wind power industry chain support and the development of the industry chain needs to be accumulated.” At present, China’s wind power product supporting system is not perfect, and products Technology R&D fails to be effectively integrated in the industry chain, and companies will face severe challenges in their pursuit of scale development.

Talking about the construction strategy of the wind power enterprise supply chain, Liu Qi stated that “while paying attention to the competition in the host market, we must pay more attention to the competition in the supply chain.” He emphasized that in the selection of suppliers, careful planning and system should be adopted. Protection, "not only depends on the current capabilities of suppliers, but also pays attention to their potential for development, in particular, the level of the price can not be the main criteria for selection."

Finally, he stated that “Shanghai Electric opposes vicious competition in prices, and we pay more attention to long-term, sustained, and healthy development.”

About Shanghai Electric Group Co., Ltd.:

Shanghai Electric Group Co., Ltd. is one of the largest enterprise groups in China's equipment manufacturing industry. It has the advantages of total equipment sets, general contracting of projects and comprehensive service of modern equipment. Since the 1990s, sales revenue has always ranked first in the national equipment manufacturing industry.

High-efficiency clean energy and new energy equipment are the core business of Shanghai Electric Group. Energy equipment accounts for about 70% of sales revenue. The main products include 1000MW ultra-supercritical thermal power generating units, 1000MW nuclear power generating units, heavy equipment, transmission and distribution, elevators, printing machinery, and machine tools.

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