On December 31, 2019, the signing ceremony for the acquisition of Chongqing Luyang Engineering Design Co., Ltd. by Shandong Water Conservancy Construction Group Co., Ltd. was successfully holding in Chongqing.
The qualification scope of Chongqing Luyang Design Institute Co., Ltd. covers water conservancy and hydropower, power transmission and transformation, construction, highways, municipal administration, etc. It is mainly engaged in hydropower projects below 250MW, power transmission and transformation projects below 220kV, large and medium-sized construction projects, and small and medium-sized water conservancy projects. Design of hydropower projects, and general contracting of projects within the scope of qualification permits, undertake and carry out project management and other consulting services, and is a survey and design consulting unit with diversified qualifications.
This merger filled the gap between the design field of Water Construction Group, and played an effective role in promoting the expansion of diversified operating channels, technical talent reserves, and regional resource integration. After the merger, the Water Construction Group will inject capital and an efficient management team, based in Chongqing, increase market development in Tibet, Qinghai, Sichuan and Southeast Asia, expand the scope of domestic and international markets, and increase market share. The development strategy of “globalization, diversification, capitalization and internationalization” has laid a solid foundation.