ASHGABAT, Turkmenistan, April 29. China’s
Shaanxi Yulin Energy Group has proposed establishing a production
facility for magnesium alloys in Turkmenistan as part of plans to
expand industrial cooperation, Trend reports.
The statement was made by the company's Chairman Gao Xijun said
at the Turkmenistan-China business forum, held on April 29 in
Ashgabat.
The company expressed its intention to develop strategic
partnerships with Turkmenistan’s relevant institutions and create
joint cooperation platforms focused on resource processing and
industrial development.
According to Gao, the initiative is aimed at combining
Turkmenistan’s resource potential with the company’s technological
capabilities to support the development of new production
capacities and strengthen long-term economic cooperation between
the two countries.
Meanwhile, He Zhenwei, President of the China Overseas
Development Association (CODA), said that launching initiatives
that enable a shift from raw material exports to advanced gas
processing and the production of high-value-added products in the
gas chemistry sector is identified by Chinese investors as one of
three priority areas of bilateral cooperation between Beijing and
Ashgabat, alongside with agriculture and green energy. He also made
the remark during Turkmen-Chinese Trade and Economic Forum, on
April 29.
