Tan Xuguang Starts a Trip to Europe

On 28th July, Local time, Tan Xuguang arrived in Frankfurt, Germany, the first stop of his European tour. During the visit, Tan Xuguang will primarily focus on the business of U.S. PSI, Germany Linde and the Italian Ferretti Group for the first half of 2019.

He affirmed PSI’s efforts in Financial Restatement and drew up an important plan for the product development and marketing strategy in the next five years.

During his visit to Linde, he made a review on the localization of Linde and its Chinese plant in progress. He points out that Weichai and Linde should accelerate the progress towards developing spare parts for all hydraulic pressure products.

Tan Xuguang went over the overall operation of Ferretti Group in the first half of this year. He demands that Ferretto Group should accelerate the adjustments in segment to achieve sustainable growth. The development of yacht new energy power needs to be sped up also as the first Ferretti Group China plant in Qingdao, Shandong province is to be completed by the end of this year.

According to the current domestic and international situation, Tan Xuguang stressed that it is necessary to increase the proportion of subdivided business and achieve higher efficiency against the changes in the economic cycle.

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