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Skinest Finland Oy signs a significant cooperation agreement with Chinese TYHI


Skinest Finland Oy has signed a significant cooperation agreement with a Chinese company Taiyuan Heavy Industry Co. Ltd. (TYHI) with the help from Hermia Business Development’s daughter company Wuxi China International Technology Transfer Center  Co. Ltd. (WITTC). This marks the first time that high-quality railway products are entering the European market from China. The agreement is worth several million euros.


TYHI is one of the largest manufacturing conglomerates in China and it operates for example in the fields of metal forging, mining, new energy, railways, shipbuilding and it exports to over 40 countries and regions. Its annual sales exceed 1 billion euros and it employs over 8000 workers. It’s also one of the only companies in China producing wheels, axles and wheel sets in house.

WITTC is the daughter company of Hermia Business Development operating in Wuxi, China. The company offers complete soft-landing services for European companies wishing to enter the China market. Together with Hermia Business Development WITTC helps Finnish and European companies to find cooperation partners from China and establish their business’s there, and also Chinese companies to become established in Finland and Europe. The operations model has been made simple for the customer companies so, that Hermia Business Development operates as the contracting party for the Finnish and European companies and WITTC for the Chinese companies. Common ownership base of the companies and mutual understanding of business helps in making sure that everything runs smoothly and also eliminates the problems caused by the differences in business culture.

Skinest Finland Oy belongs to the Skinest Group, providing various parts of railway vehicles and railway construction materials to European, CIS and Scandinavia countries, with customed and professional and innovative solutions. Skinest Group is one of the complete railway equipment manufacturers, which has the strongest technology and one of the largest production scales in the Nordic area.

Skinest has very strict quality demands and they were satisfied with TYHI's advanced technology and rich experience. With assistance from WITTC the parties finally agreed on a significant agreement that suited both parties well.

The agreement is very important for Chinese and European companies in terms of cooperation, and also the first of its kind in the rail industry. It’s hoped 

that the agreement encourages Chinese companies with high-quality technologies to go and look for international cooperation partners for them. The parties are looking for prospective cooperation in the future with big EU projects.

News by Chinese television CCTV can be found from: https://www.youtube.com/watch?v=GAdOY5nIIHQ
And the transcript of it in English can be found here










For more information:
Hermia Business Development, Pekka Jussila, toimitusjohtaja, pekka.jussila@hbd.fi, +358 05 60213
Skinest Finland Oy, Semi Roiha, toimitusjohtaja, semi.roiha@skinest.fi, +358 40 163 3801
WiTTC, johtaja, Hang Si, hang_si@yahoo.com
TYHI, Monica Wang, ohjelmapäällikkö, monika_wang@tz.com.cn