In the past few years, due to the rapid growth of the natural gas industry, the CIMC Enric group’s energy equipment business has continued to rise.
However, due to the decline in international oil prices, the slowdown in natural gas demand growth and changes in China’s domestic economic situation, as well as other factors, according to the 2015 interim report of the company, in the first half of 2015 the group’s turnover slipped compared to the same period in 2014 – the first time that their performance decline after the financial turmoil in 2008/2009.
gasworld understands, although facing an unfavourable external situation, the company has taken several initiatives to ensure a steady growth in the different business sectors, including internal optimisation of capabilities, market development and risks prevention, as well as the dissemination of the concept that ‘confidence is more important than gold’ and the courage to take the challenge as a development opportunity .
... to continue reading you must be subscribed
