Top Private Equity News, Member Posts, Managed Futures Daily Indices and more!

3yrs ago Private Equity privateequitywire Views: 362

Earth Capital partners with Sany Group to advance green technology development

Submitted 22/06/2020 - 1:27pm

Earth Capital has signed a strategic cooperation agreement with Sany Group (Sany), a global heavy equipment manufacturer, to progress and deliver advanced green technology manufacturing projects in China.

The agreement is via the Chinese pillar of Earth Capital’s Global Technology Transfer Platform, Nansha Green Technology Innovation Service Co Ltd (NGTI), which is a joint venture between Nansha Financial Holding (NFH), Earth Capital Ltd and the iGreenBank. NGTI aims to promote international technology transfer and provide green finance to support world-class green technology innovation, all via a national innovation base in the Guangdong Province, China.
 
Under the partnership, NGTI and Sany’s technology team will work together on multiple technology projects such as automatic carbon fibre 3D printing and the industrial application of efficient insulation materials. Expert manufacturing and sustainability teams will collaborate to deliver pump, emergency equipment, wind power, smart manufacture, and prefabricated buildings to enhance green technology development. 
 
NGTI’s involvement will also help support Sany’s recently launched innovation platform which aims to promote the application of advanced technology in Sany’s supply chain. In conjunction with this, Sany has also announced plans to build a smart industrial park called “Sany Cloud City” in Shenzhen, China, focused on smart and clean manufacturing.
 
NGTI will also work with Sany Technology to develop new financial tools and cooperation models for better business innovation and technology adaptive R&D. This will help advance the development and integration of green technologies in the Greater Bay Area of Guangdong Province, where NGTI is based. The Greater Bay Area is designated a Free Trade Zone that includes Shenzhen, Guangzhou, Zhuhai as well as neighbouring Hong Kong and Macau and is the fulcrum for the development of the latest technologies and innovation.
 
Gordon Power, CEO of Earth Capital, says: “As one of the world’s leading equipment manufacturers with vast scale and technological expertise, we are delighted to be partnering with Sany Group in driving forward the development and use of green technologies. Our current work in Guangzhou, especially in the Nansha District, has made significant progress, so we plan to work with our partners to bring sustainable technology-based businesses in the Greater Bay area to work with partners such as Sany. In addition, we are working to establish a green technology development fund to support the commercialisation of these technologies.”
 
Dr Jin Guo of Earth Capital Asia says: “Through the establishment of the innovation base, Earth Capital Asia is thrilled to be working with Sany Group as a strategic partner committed to sustainable and healthy growth in the region.”

Author Profile Tags Deals & Transactions ESG & Responsible Investing

Today's Private Equity Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.