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Genertec Chairman Yu Xubo inspects subsidiary in Hungary


Yu Xubo, Genertec chairman went on an inspection tour in Hungary from Feb. 23 to Feb. 24. He inspected CMC Europe Kft., Genertec's subsidiary operating in Hungary.

During the inspection, Yu received reports from executives of CMC Europe Kft. on their work, and visited and held discussions with Chinese and local staff members. He praised CMC Europe Kft. for its sound operations in Hungary, and put forward requirements for the overall growth of the company's business in Europe in the next phase.

Yu visited the Kaposvar solar power plant in Kaposvar, Hungary, which was funded and built by CMC Europe Kft., gaining an in-depth understanding of mature business models including greenfield development and integrated model encompassing investment, construction, and operation in power plant projects using renewable energy sources.

He also paid a visit to the Embassy of the People's Republic of China in Hungary, and discussed economic and trade cooperation between China and Hungary as well as Genertec's business operations in Hungary with Chinese Ambassador to Hungary Gong Tao and Liu Bo, minister-counselor of the Chinese embassy in Hungary.

Executives of Genertec International accompanied Yu on the tour.