Company rides explosive growth in international business to expand beyond electrical equipment

The Zhejiang-based Chint Group, China's leading industrial electrical equipment and new energy enterprise in the private sector, is pushing forward its overseas mergers and acquisitions.

At the same time, it is forging cooperation agreements on production capacity and equipment manufacturing along the Belt and Road Initiative.

"We are going to do more acquisitions to complete a whole industrial chain," said Nan Cunhui, chairman and founder of Chint Group.

An engineer monitors the automated production line at Chint Group's photovoltaic components factory in Hangzhou, Zhejiang province. Shi Xiaofeng / China Daiy

Founded in 1984, Chint Group has seen its businesses expand over the years, from electrical equipment to power transmission and distribution equipment and services, instruments and meters, building appliances, photo-voltaic power generation and equipment manufacture.

In October, the company signed a comprehensive strategic cooperation agreement with Veolia, the world's largest environmental services provider, covering almost all of Chint's industrial chain across new energy, power transmission and distribution.