Hanchang Green Holdings, a subsidiary of Hanchang, announced on the 26th that it has signed an additional localization supply contract with Russian power equipment specialist JSC INTERTECH ELECTRO.
This is said to be in accordance with the contract signed in December 2021 regarding the supply and technology transfer of waste pyrolysis and emulsification facilities.
Hanchang Green Holdings previously announced in March 2022 that it had signed a supply contract for one pyrolysis facility (VESTA-10) worth 2.6 billion KRW with INTERTECH ELECTRO. The company explained that the final installation phase is currently underway locally in Russia.
The company stated, “During this process, Hanchang Green Holdings’ technological capabilities for the pyrolysis facility were highly recognized, leading to an additional supply contract,” and added, “According to the localization supply contract, 70% of the parts will be procured locally in Russia and 30% in Korea for delivery.”
They further added, “Through this localized facility supply, we have decided to strengthen collaboration with INTERTECH ELECTRO.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
