Risen Energy Initiates Ten Billion-Yuan Capacity Expansion Plan

Risen Energy has begun pushing ahead with its capacity expansion plan, while maximizing control of underlying risks. The firm plans to bring together a team of qualified professionals, build high-profile technology research centers, strengthen collaborative efforts between Chinese and foreign experts, develop and master new processes, apply new technologies and develop new products, manage intellectual property rights, while constantly enhancing core competitiveness to address various technical risks.

Risen Energy has begun pushing ahead with its capacity expansion plan, while maximizing control of underlying risks. The firm plans to bring together a team of qualified professionals, build high-profile technology research centers, strengthen collaborative efforts between Chinese and foreign experts, develop and master new processes, apply new technologies and develop new products, manage intellectual property rights, while constantly enhancing core competitiveness to address various technical risks.

"Among many boats vying to overtake one another, only the most hard-working one can be the winner," said Risen Energy president Wang Hong. "In a period that is key to us in our move to accelerate our industrial transformation, we must increase our investment in R&D, continuously improve the cost performance of our products, strengthen cost controls, further differentiate our products, and provide customers with value-added services, to maintain our products' competitive advantage. At the same time, we must always be prepared, and actively explore new markets, to, in our role as one of China's leading industry player, contribute to the optimization of the structure of the entire sector at a global level."