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Sinomach seeks to invest more abroad

By Ding Qingfen | China Daily | Updated: 2013-04-09 09:26

He cited the deal with McCormick France SAS in 2011. Sinomach promised to add another 400 jobs to the local community by the end of 2015, besides agreeing not to fire any foreign staff after the deal was completed.

"But, unfortunately, technology transfer is still an unresolved problem," said Xu.

According to corporate figures, Sinomach's projects in Africa alone helped generate as many as 13,000 jobs directly and indirectly in foreign communities there.

"Wherever we have been abroad, we actively get involved in the local community, committed to taking local social responsibility and addressing concerns over jobs and the environment," said Xu.

 

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