Machinery SOEs boost business riding on BRI, global infra uptrend

State-owned enterprises with competitive edges in infrastructure machinery are ramping up efforts for a bigger presence in markets involved in the Belt and Road Initiative, as infrastructure demand is seen on the rise in these markets, especially in Southeast Asia and Africa.

China Railway Construction Heavy Industry Corp Ltd, or CRCC Heavy Industry, is among such SOEs. The company is preparing a trip in July to deliver its latest micro tunnel boring machine, which was rolled out in May, to Thailand.

Breaking the national record for the minimum diameter of a boring machine — 914 millimeters — the equipment will be delivered to Bangkok for the micro tunneling work of a natural gas pipeline project.