WHA signs development MoU with Yunnan Energy
WHA Corporation, Thailand’s leader in fully-integrated logistics and industrial facilities solutions, has announced the signing of a Memorandum of Understanding (MoU) with Yunnan Energy Investment Group (YEIG) to develop strategic logistics cooperation between Yunnan, Laos and Thailand.
The announcement was made during the China International Import Expo held in Shanghai during November 5-10, 2018, the company said in a press release issued on Thursday.
As part of the “One Belt, One Road” initiative put forward by Chinese authorities, the MoU is named “The Belt and Road” Memorandum of Strategic Cooperation of Comprehensive Logistic Joint Work. Its main objective is to explore business opportunities in the areas of logistics and trade between Yunnan, Laos and Thailand.
WHA Corporation said it will cooperate with Yunnan Energy Investment Logistic (YEIL), a subsidiary of Yunnan Energy Investment Group (YEIG), to enhance interaction between the two partners’ logistics and industrial sectors.
Overall, the MoU covers cooperation in the areas of industrial properties, road and rail transportation, cold chain transportation, central Asia railway, the construction of an Asia-Pacific Model E-port network, car trading and others between China, Thailand and Asean countries, the company said.
“We are truly delighted to sign this Memorandum of Understanding with Yunnan Energy Investment Logistic (YEIL),” said Jareeporn Jarukornsakul, WHA Corporation PCL Chairman of the Board of Directors and Group Chief Executive Officer. “This creates a promising cooperation framework with our Chinese partner to connect Thailand’s EEC initiative with the ‘One Belt, One Road’ project implemented by the Chinese government, opening tremendous opportunities for our two companies and our respective countries.”
Yang Wan Hua, Vice President of Yunnan Energy Investment Group (YEIG), said: “This Memorandum of Understanding with WHA Corporation is based on huge potential synergy between our two companies.
“We are confident that our vision, combined with that of WHA Corporation, fits in perfectly with the spirit of the ‘One Belt, One Road’ project that is based on peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit.”