The strategy behind MRCglobal

The 21st Century is not the century of China. Nor is it the century of India.

In reality, the 21st Century will be the century of the “mega-city”. And the rapid urbanization occurring in China, India and across the Asian region right now is stark evidence of this trend.

But while it is axiomatic that economies expand as they shift from an agrarian-to-urban dominance, the challenges facing these particular economies will be unprecedented as they must also grapple with a global scarcity of natural resources and the adverse impact of the increased emissions that will be generated by “mega-cities”.

It will only be through the continued introduction of technological innovation that these “mega-cities” will be able to provide clean water, abundant housing, sustainable power, infrastructure, and transport (of both people and data) to billions of people. And technological innovation will be needed for decades to come as scarcity of natural resources and emission targets are enduring challenges.

In 2011, MRC established a wholly owned subsidiary based in Hong Kong as part of a long-term strategy to target our current (and future technology) towards the challenges that are already arising from this “mega-city” phenomenon.

Resource-efficient “mega-cities” can only be realized through innovation and MRCʼs technology is the kind of technology that can provide tangible environmental and cost benefits in power generation, construction, and transportation.

In order to provide such engineering solutions, MRCglobal will focus on the formation of alliances with chinese State Owned Enterprises (SOEs) and other government organizations across Asia. The trend (in both China and India) towards mass migration to cities may be unstoppable, but the design and planning of “mega-cities” can not be left to chance.

It is only through the formation of strong alliances with technology corporations, including U.S. corporations such as MRC, that Chinese and Indian governments will realize resource-efficient “mega-cities”.

In the longer term, MRCglobal will also look beyond SOEs and other government organizations and seek to profit from the local entrepreneurial spirit that cities have always engendered. Opportunities abound in such environments and strategies as diverse as: (i) partnering with Asian research universities; (ii) training engineers in our technology; to (iii) utilizing the rapidly expanding capital markets located in Asia; will also be implemented when appropriate.

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