CIMC's overseas efforts bear fruit

Chinese logistics and energy equipment maker China International Marine Containers Group (CIMC) said it has made significant strides in overseas markets this year, as it capitalized on growing demand for its products to secure lucrative orders and complete key deliveries abroad.

The Shenzhen, Guangdong province-based company said its energy and chemical unit has signed 60 million yuan ($8.3 million) worth of agreements with Saudi Arabian petrochemicals company Sabic to supply equipment for the storage of butadiene, an industrial chemical.

Earlier this year, the company's subsidiary specializing in airport-related solutions secured a 50 million yuan order from RAM Handling, a handling operator in Morocco, under which the Chinese firm will provide equipment to help enhance ground handling capabilities at airports in the North African country.