On October 26, 2022, the signing ceremony of the New Business Expansion Platform, Fayat (Tianjin) Trading Company was held at Shangri-La Hotel, Tianjin. The signing of the agreement officially announced the establishment of the new trading company in the Tianjin Port Free Trade Zone.
The signing ceremony was attended by Ms. Xiaoshuang Kou, a Member of the Party Committee and Standing Committee of Tianjin Port Free Trade Zone, Mr. Ning Zhang, Deputy Director of Tianjin Port Free Trade Bureau, and the Dynapac Management Team. Ms. Annie Bo, Managing Director of Dynapac China signed the agreement with Mr. Ning Zhang.
During her speech, Ms. Annie Bo, Managing Director of Dynapac China, said that this project is an important investment that brings many benefits for everyone involved. Such advantages include new business platforms and digital and intelligent management models, global customer information, management capture, automatic forecast/analyses, and transmission to the supply chain, as well as intelligent warehouse and robot management.
The new company will continue to position itself to achieve more efficient services for our global customers, while driving the industry’s high-quality supply chain system to improve operational efficiency and capital turnover. Together with the resources of the Dynapac division and the Fayat Group, the new company is expected to grow in strength and market position.
Mr. Zhang Ning, Deputy Director of the Free Trade Bureau of Tianjin Port Free Trade Zone, said at the meeting that as the largest free trade zone in northern China, Tianjin Port Free Trade Zone has a unique location advantage and superior policy edge, which can provide a good business environment for the development of foreign-invested enterprises. Companies located in the Tianjin Port Free Trade Zone enjoy numerous benefits in the areas of high-end manufacturing sales and services policy.
Mr. Paul Hense, President of Dynapac Division, made a special video to congratulate the successful signing. In the video, Mr. Hense expressed the high expectations of the Group's top management for the new trading company and the whole Chinese market. As the first distribution center in Asia Pacific, the importance of Fayat (Tianjin) Trading Co., Ltd. is self-evident, as it not only carries the mission of optimizing the global supply chain to better service our customers but also provides better services and business support to other global affiliate companies of the Group.
The project is expected to be completed and open for global operation in March 2023. Look forward to it!