Zhengchang signs 6.6 million dollar biomass project
Chinese feed machinery manufacturer Zhengchang has signed an agreement to start a biomass project, together with one of its Brazilian customers.
The deal, signed on November 5, 2014 in China, is worth 6.6 million US dollars. The signing of the agreement was witnessed by Mr. Cai (the Secretary General of Changzhou, Jiangsu Province) and Brazil's consul general in Shanghai. Further details about the biomass project were not disclosed.
The Brazilian customer will be the first to use a new financial service, part of an agreement between Zhengchang and SINOSURE (China Export and Credit Insurance Corporation). This means that Zhengchang's foreign customers are provided with financial services and more quality.
Zhengchang has been established in 1918 and has now evolved into China's largest manufacture of feed machinery. The company has 16 branches in China with over 1300 staff and more than 30 offices all over the world.
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