Services firm wants to support growth of local companies at home and abroad
Enstoa Inc, a New York-based services firm that specializes in capital projects improvement, has vowed to further expand its presence in China, helping domestic companies seeking more opportunities on the international stage.
Enstoa said it seeks more cooperation in the country, working with either State-owned or privately owned companies, using its functional and digital expertise in international capital projects and proven methodologies to improve project portfolio performance.
"We want to help Chinese companies who are seeking to grow both inside the Chinese domestic market and internationally, as the Belt and Road Initiative represents a critical time for China and companies who are seeking to participate must lift organizational capabilities to deliver," said Jordan Cram, CEO of Enstoa.
"Enstoa is doubling down in China by creating an International Project Management Training Center and Digital Lab this year. We are here to support visionary companies who recognize the imperative to lift capabilities to grow and advance."
Enstoa recently announced it has collaborated with Sinopec Engineering Group to formulate an international project management manual. It includes mature, advanced management practices that will be applied using appropriate technology platforms to ensure profitable and risk-free delivery of capital-intensive projects around the world.
"I am delighted that Enstoa has been able to work with Sinopec Engineering Group to create an International Project Management Manual, a critical step in transforming the way in which SEG delivers capital projects," Cram said.
SEG said it aims to use the manual to train 200 senior executives and 400 executive staff in two years to better expand its presence in overseas markets.
According to Feng Di, general manager of the project management department, collaboration with Enstoa brings SEG international experience in procurement, construction and risk control in construction projects overseas.
Many international engineering projects adopt United States or European standards and Enstoa allows SEG to better apply its advantages in accordance with the rules of the game on the global stage, he said.
Since its initial public offering in 2013, SEG has vowed to grow internationally through the pursuit of building excellence in engineering, procurement, construction and commissioning projects around the world.
SEG aims to be a world-class EPCC company, and Enstoa's collective experience can help SEG enhance its domestic and international project management capabilities through the implementation of the manual, said Qi Guosheng, vice-president of SEG.
SEG has played a leading role in the global energy engineering industry for decades, and has implemented more than 100 projects internationally.
The company has established business platforms in all regions with large oil refinery and chemical engineering capital output including the Middle East, Central Asia, Asia-Pacific, Africa, and South America, including oil refinery and chemical engineering projects in Kuwait, Saudi Arabia, Qatar, Kazakhstan, Nigeria, Singapore, Malaysia, Thailand and Bangladesh.
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Published in China Daily on August 28, 2018