From Japan to China, back to Japan. CHINA BOQI (1/2)

China Boqi Environmental Technology Co., ltd. is the first Chinese company that went on market at the first section of the Tokyo Stock Exchange. They started out as an affiliated company of a national electric company in 2001. A new regulation that required all power plants to take desulfurization by 2010 and to install a desulfurization system for all new-built plants was launched in China at the time. Feeling a large opportunity in this new market, the management conducted a MBO to become a new company specialized in desulfurization in 2003. However they didn’t have good enough technology at the time, so invited people from two Japanese companies with long term achievement in this field as supervisors. Japan has bitter experience of air pollution during the rapid economic growth period in the 1960s, resulting in high level technology accumulation for factories and power plants. Dr. Miyanaga, the IR manager in Japan says “The high level energy conservation was a big reason we asked the Japanese companies for technology transfer.”