Wison Engineering Won an EPFC Contract from Formosa Plastics in Texas

SHANGHAI, 24 July, 2017 – Wison Engineering Services Co. Ltd. (“Wison Engineering”, SEHK Stock Code: 2236), one of the leading chemical engineering, procurement and construction (“EPC”) management service providers in China, announced that its non-wholly owned affiliated company, Wison Engineering (China) Limited, has been awarded an EPFC (engineering, procurement, fabrication and construction) contract for one section of Low Density Polyethylene (LDPE) project in Texas by Formosa Plastics Corporation, U.S.A. (“Formosa Plastics”). This is Wison Engineering's first contract awarded in the American market, representing a new milestone in the implementation of its internationalization strategy. Wison Engineering will be responsible for modularization engineering, fabrication, transportation and on-site installation for the project.

Ms. Vivian Li, Vice President of Wison Petrochemicals (NA) LLC, said, “Adhering to our internationalization strategy, Wison Engineering has been actively seeking overseas business opportunities and established a management system and execution team with the capabilities to cater to the requirements of international business operations, as well as  a global procurement and construction resource network. Following the successful business expansion in the Middle East, South America, and CIS markets, this project signifies an important step in the Company's overseas market development, posting great influence on the Company's global market expansion.”