Business News Update: CHINT Sri Lanka is celebrating 10 years of operations in the country and marked the occasion with a special ceremony that was held recently at the Cinnamon Grand Colombo. The event, organized by CHINT Electric Solution Private Limited and CHINT Energy Co Ltd. the distributor of CHINT in Sri Lanka, was graced by the presence of Faham Nauman – Chairman of CHINT Energy, Kamil Hussain – Managing Director of CHINT Energy, Jun Hu – Chairman of CHINT Electric Solution, Terrence Ding – Sales Director-Asia Pacific of Zhejiang CHINT Electrics Company Limited, Marisa Xia – Sales Manager-Asia Pacific of Zhejiang CHINT, global representatives from CHINT and a large audience of professionals related to the Energy Sector.
With the recent change in the political landscape in the country, CHINT Sri Lanka believes that the island is set for a brighter future especially if the Government can bring about positive changes to the growing energy demand. In keeping with the company’s slogan to “Empower the World”, CHINT Sri Lanka aims to empower the country by introducing state-of-the-art smart energy solutions that utilises the company’s cutting-edge systems, platforms, components and designs. Founded in 1984, CHINT has grown rapidly and developed a vast global footprint in over 140 countries and regions with more than 30,000 employees worldwide. With annual sales of US$ 10.5 billion in 2018, CHINT has ranked in the Top 50 Asian Listed Companies and Top 100 China Private Enterprises.
A number of leading consultants and experts from the Energy Sector were present at the event. The keynote address was delivered by Christine Yang- Sales Manager – CHINT Power Transmission & Distribution of Zhejiang CHINT Electrics Co Ltd. on the topic Global Development Status and CHINT Business Model which was followed by speeches by Sarah Zhang – Solution Business Department Manager of Zhejiang CHINT Electrics Co Ltd., Lim Say Leong- IEC Ambassador Technical Director of Zhejiang CHINT Electrics Co Ltd. and Ziyong Zhang Senior Engineer Solution Business Department of Zhejiang CHINT Electrics Co Ltd. During the event, long-serving CHINT employees and outstanding distributors were also recognized and rewarded for their commitment towards CHINT’s vision in Sri Lanka.
As the Exclusive Distributor, CHINT Energy will take CHINT’s vision forward in Sri Lanka. In order to enable this, the company has been strengthened with the arrival of a number of leading professionals and industry specialists with extensive experience in the island’s Energy Sector highlighting how the company’s vision has resonated amongst those who know the industry inside out. CHINT Energy markets a comprehensive collection of CHINT products that includes switches, sockets, MCCBs, breakers, contactors, starters, inverters, low voltage capacitors, meters, transformers, solar energy system equipment, industrial energy saving solutions, LED lighting and many more. All CHINT products are available at very competitive rates enabling the end consumer to reap the benefits of a genuine, world-class electrical product range. They are available across the entire island through 25 distributors and a large sales team. Having gained access to a large majority of the population through these outlets, the company intends to expand gradually in order to provide consumers the opportunity to purchase CHINT products conveniently. One of the key milestones in this expansion is the unveiling of the CHINT Experience Centre in Colombo within the next few weeks.
Sharing his views, Kamil Hussain – Managing Director of CHINT Energy stated, “CHINT is a rapidly-expanding global player that is focused on providing the best smart energy solutions. In just 35 years, CHINT has reached the very top in the world, becoming the 4th largest electrical solution provider in the world and No.1 in China. Their outstanding levels of efficiency, commitment to R&D, quality of products and level of value addition have enabled them to reach the upper echelons of the global market. We intend to make CHINT the benchmark in Sri Lanka when it comes to smart energy solutions. CHINT wants to add value to Sri Lanka, firstly by helping the Government reduce energy costs by utilising smart energy solutions and secondly, by boosting local manufacturing by commencing assembling of CHINT products in the 1st quarter of 2020 and exporting to the South Asian market in the second half of the year.”
Terrence Ding – Sales Director -Asia Pacific of Zhejiang CHINT Electrics Co stated, “We plan to help the Sri Lankan Government to build up the energy sector by bringing in smart energy solutions. Once the energy costs come down, foreign investors will be enticed to setup manufacturing plants in Sri Lanka as at the moment one of the key problems that is keeping them away is the higher energy costs when compared to some of the other Asian countries. CHINT’s global rise is very much in line with China fast becoming a dominant player in the global market across different fields. For instance, if you take the telecom industry or even high-speed trains, China has become a global force and has even surpassed some of the bigger players in the market in terms of knowledge, innovation and technology.”
Focusing on energy system of supply, storage, transmission, allotment and consumption, CHINT has core businesses of clean energy, energy allotment, big data and energy value-added services. Furthermore, CHINT pillar businesses include photovoltaic equipment, energy storage, power transmission & distribution, low-voltage apparatuses, intelligent terminals, software development and control automation. The company strongly believes in the industrial development and innovation-driving concept, actively promoting the development of global R&D system, and establishing the CHINT Group Research Institute, which has 18 professional technology research institutes and 3 overseas R&D centers in Europe, North America and Asia Pacific.