NSW secures business deals with China
22 July 2011
Several business deals have been announced during NSW Premier Barry O'Farrell's trade and investment mission to China this week.
In Beijing, Mr O'Farrell announced that the China Railway 15th Bureau Group (CR15G) would open an office in NSW – its first in Australia. "The China Railway Group is looking to position itself in NSW to take advantage of opportunities to tender for infrastructure developments," Mr O'Farrell said.
President and General Manager of the CR15G, Mr Xu Dongkun said the company's Sydney office would eventually grow to a team of 200 staff and secure important partnerships in future years.
Mr O'Farrell also announced an export deal worth about $6 million, for coal and gas equipment services between China Australia Mining Development Alliance and Poly Energy. "This will be for the first of up to 12 mines operated by Poly Energy across China expected to use underground drill rigs manufactured by Valley Longwall International in Muswellbrook," he said.
"As part of the export package, Australian Mining Services International in Singleton is also providing design, project management and gas management services."
In Shanghai, Mr O'Farrell announced two new agreements between NSW and the Chinese telecom company Huawei Technologies. He said the partnerships with Huawei would see NSW further develop its electronics expertise and source innovative fibre optic technology.
"The agreements with Sydney's Macquarie University and with a Sydney arm of the Finisar Corporation are a vote of confidence in the future of the State's Information and Communications Technology sector," Mr O'Farrell said.
"Under the Memorandum of Understanding (MOU) with Finisar, Huawei will expand its range of NSW technology in its fibre broadband networks. Finisar will provide Huawei with several new types of Wavelength Selective Switch (WSS) devices which are used in fibre broadband networks.
"All of Finisar's WSS research, development and manufacturing is conducted out of the company's hub in Sydney.
"Huawei will also support an intern and scholarship program at Macquarie University for talented NSW electronic engineering students including two $5,000 annual scholarships. Macquarie students will be hosted by Huawei as part of the University's Industry Internships Program and Industry Work Experience Process."
In Guangzhou, Mr O'Farrell attended the Joint Economic Meeting (JEM) between NSW and Guangdong Province. The JEM is part of the NSW-Guangdong Sister-State Relationship which was established in 1979.