However, modular projects require exceptional river and coastal infrastructure, extensive land areas and specialized equipment. Project execution periods are lengthy, and there is a high demand for collaboration and coordination among enterprise and project management teams. Risk management considerations include:
- Commercial risks of project delays caused by material adjustments or design modifications.
- Project execution risks of different standards, interpretations by local engineers, and subcontractor collaboration.
- Currency fluctuation risks during module construction.
- Tariff and trade regulation risks regarding import/export
- Labor cost risks of rising labor costs and capital occupation
- Cultural conflicts of differences in management philosophies
Over 20 years ago, many overseas companies from Japan, South Korea, the United States and Canada established foreign-owned steel structure manufacturing enterprises in China, obtaining certifications such as AISC, EN1090-2, and CWB W47.1. These companies primarily focused on exporting fabricated steel structures to high-end markets and multinational enterprises in lines such as power and energy, petrochemicals, mining, and construction. After more than 20 years’ development, they have earned high recognition from industry clients and engineering firms through their capabilities, quality and delivery schedules. They have also cultivated a large number of teams with expertise in international project quality requirements, familiarity with international standards and extensive manufacturing experiences.
However, against the backdrop of the global trend toward increasingly mature standards and substantial demand for modular steel structures, traditional fabricated steel construction is beginning to reveal its shortcomings in meeting various clients' requirements. Numerous enterprises, while fully preserving their established brand advantages, have proactively initiated transformations and strategic adjustments. They are increasing the proportion of modular construction to ensure long-term, high-quality service for their clients.
Confronted with new global trade frictions and tariff disputes, as well as the severe challenges of overcapacity and internal competition within the industry, Chinese steel structure and modular construction companies are actively planning overseas expansion strategies to seek new growth opportunities and participate in international competition.
ForMc specializes in the integration of steel structures and modular construction fabricators. By maintaining long-term cooperative relationships with Chinese steel structure and module companies, ForMc has a comprehensive understanding of the respective strengths of different companies. This enables ForMc to bridge connections for clients and provide constructive solutions that ensure project quality, quantity, and timely delivery through professional and prompt services.
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