Recently, Jinan FOOEN Equipment Installation Engineering Co., Ltd. (“FOOEN Rental”) and Shanghai Horizon Construction Development Co., Ltd. (“Horizon Construction Development”) successfully signed a strategic cooperation agreement in Shanghai. The two parties will engage in in-depth collaboration in areas such as equipment leasing, technological innovation, and market resource sharing. Key attendees included Mr. Meng Weixin, Executive Vice General Manager of FOOEN Rental, Mr. Wang Yiping, Assistant General Manager of Horizon, and Mr. Han Rujiu, General Manager of the Power Equipment Division.

During the signing ceremony, the two parties held in-depth discussions on industrial layout, market strategy, and technology development. They focused particularly on the current status and potential of the dynamic equipment rental market, expressing a shared vision to leverage their respective strengths and promote mutual growth through strengthened cooperation.

Mr. Meng Weixin of FOOEN Rental stated:

“The essence of equipment leasing lies in complex and professional service. Today’s market is shifting away from price wars toward a focus on service quality and trustworthy, cost-effective solutions. This strategic cooperation between FOOEN Rental and Horizon Construction Development represents a powerful alliance between two leading companies in their fields. By integrating premium resources and coordinating operational strengths, we aim to jointly deliver more advanced and reliable power equipment solutions to the market.”

Mr. Wang Yiping of Horizon Construction Development remarked:

“FOOEN is a leading provider of oil-free air compressor rental solutions in China. Its extensive technical expertise, large equipment fleet, and outstanding industry experience make us optimistic about this collaboration. We hope this long-term partnership will continue to create new opportunities for the sustainable growth of China’s dynamic equipment rental sector.”

A leading name in oil-free compressor leasing and a comprehensive operator of construction equipment services in China—this strategic partnership brings together two industry powerhouses. Their joint effort will deliver high-efficiency, flexible one-stop solutions across petroleum & petrochemicals, steel, power & energy, electronics, automotive, food and pharmaceuticals, both domestically and globally.

🤝 About the Strategic Partner

Shanghai Horizon Construction Development Co., Ltd. is a comprehensive equipment operations service provider under Far East Horizon (03360.HK). Focusing on construction equipment and materials, Horizon delivers multi-functional, full-lifecycle integrated services to customers across multiple industries. With asset value exceeding RMB 10 billion, Horizon operates in municipal engineering, building construction, infrastructure, offshore, green energy, logistics, cultural sectors, and more.