China: UK environmental technology application
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UK firms have a new road in China with the creation of a Fund for the return of promising Chinese companies who may operate the Western technology.
Andrew and Robert Rickman, the founders of Weston technologies, have doubled their Rockley China Fund to $200 m (￡ 128 m) with the support of Shanxi small and medium-sized enterprises Investment Corporation, a technology which is owned by the province of Shanxi venture capital fund.
Called Rockley of troops of Shanxi province, the Fund will invest in fast growth companies that could become more efficient by using the latest technologies, the line of production and analysis by the management of waste and energy efficiency.
Shanxi province has a GDP of $rise and China leads in mining area 25pc of its coal and 40pc of its coke production. The Fund relies on a similar fund established by Rockley year last for another province, Shandong.
Andrew Rickman said your company: "we work together with companies that we like and can see potential." This potential is a dramatic increase in efficiency by providing technological solutions.
"Do not take the Western technology and it force the gorge of Chinese companies." It gives them the opportunity to work on what they want to be more effective. "Mr. Rickman, leading technology Weston to become worldwide number two in the optical components before it acquired, said that he had visited hundreds of Chinese companies and seen the effects of rapid growth in management decisions.
"Short-term Chinese investment leads to the destruction full profitability unless you"
"a very differentiated business", he said. "Chinese industry grew so rapidly, but it is not benefited from the flow of perfect information." "Through these plants you can quickly work where problems occur and how they can be solved.
He said the combination of capabilities of unused production efficiencies, a fast-growing, one trade within three to five years, sales made venture investing in attractive China. He stated has no shortage of money: there are a large amount of venture capital and private investment capital and money with organizations belonging to the State."
A portfolio Rockley Ventures Fund, biological products company focused on the Oxford Green and rose on its own in China. Vince Cable company Secretary has recently signed the official agreement for the construction of a second biochemical factory in China using biobutanol society technology.
