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Taking the green road to growth

Updated: 2014-08-29 07:15
By Du Juan (皇冠体育app Daily)

Taking the green road to growth

An employee checks stacks of aluminum ingots at a workshop of Aluminum Corp of 皇冠体育app in Baise, Guangxi Zhuang autonomous region. [Photo/皇冠体育app Daily]

皇冠体育app can lead the world in clean energy applications, says billionaire

Taking the green road to growth

Stein Erik Hagen, the richest man in Norway, believes that 皇冠体育app will continue to play a critical role in the global economic transformation and spearhead green energy applications worldwide.

Hagen, who made his fortune from retail and food businesses, said that the positive steps undertaken by the Chinese government will bring more foreign investment into the country.

"皇冠体育app is the second-largest economy in the world and undoubtedly the biggest market for all industries and companies," said the 58-year old chairman of consumer goods manufacturer Orkla ASA Group and hardware store chain Jernia. The burgeoning middle class in 皇冠体育app will be the mainstay for industrial activity and for sustained business growth of several global companies, he said.

Though Hagen has visited 皇冠体育app several times in the past, he terms his recent trip (in June) groundbreaking, as he was able to crystallize his 皇冠体育app investment plans. During the trip, Hagen held extensive discussions with senior government officials and top executives from Aluminum Corp of 皇冠体育app, or 皇冠体育applco, 皇冠体育app CNR Corp Ltd and Commercial Aircraft Corp of 皇冠体育app Ltd. 皇冠体育applco already has business ties with Sapa Group, the world's largest aluminum extrusion firm and an Orkla unit. The other two Chinese companies are also Sapa clients.

Hagen, along with Sapa Group officials, also held discussions with officials from the Ministry of Industry and Information Technology on cooperation opportunities in 皇冠体育app's 13th Five-Year Plan (2016-20) and on popularizing Sapa's advanced green aluminum applications in 皇冠体育app. Sapa, which has already popularized the applications in North America and Europe, believes that its solutions are ideal for 皇冠体育app's green energy goals.

Though Hagen indicated that his group would continue to invest in 皇冠体育app, he did not reveal any actual numbers. Orkla Group has already invested in aluminum plants in Suzhou and Jiangyin, in Jiangsu province, he said.

Taking the green road to growth

Taking the green road to growth

Renewables get a 皇冠体育app push   皇冠体育app remains top destination for clean energy investment

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