Metals News
Baotou Iron and Steel Company signs Strategic Cooperation Framework Agreement with China Railway Corporation
translation
08:28AM
Sep 16,2019
Source:Baotou Iron and Steel Group
The content below was translated by Tencent automatically for reference.

SMM News: recently, Baotou Steel (Group) Company and China Railway Group Co., Ltd. (referred to as "China Railway") strategic cooperation framework agreement signing ceremony held in Baotou Iron and Steel Hotel. Sun Guolong, general manager of Baotou Steel (Group) Company, and Yu Weiping, vice president of CRRC, signed the agreement. Li Degang, deputy general manager of Baotou Iron and Steel (Group) Company, presided over the ceremony. The leaders of Baotou Iron and Steel (Group) Company and the relevant units of CNRC witnessed the signing of the contract.

China Railway Group Co., Ltd. is a central enterprise directly managed by the State-owned assets Supervision and Administration Commission of the State Council. It is a global supplier of rail transit equipment with a full range of products and technology. Baotou Iron and Steel Co., Ltd. and China Railway already have a foundation for cooperation in railway materials, and have great potential for cooperation in the development of rare earth permanent magnet products, mining equipment and new materials.

In his speech, Li Degang thanked CNRC for its support to Baotou Iron and Steel Co., Ltd., and made an in-depth analysis of the prospects for bilateral cooperation. He said that Baotou Iron and Steel will continue to strengthen product quality and service, and actively promote cooperation between the two sides in various projects.

Yu Weiping, who gave an overview of CRRC, said that CRRC will continue to strengthen cooperation with Baotou Steel in the iron and steel industry, and hopes that on the basis of further strengthening exchanges and communication, cooperation will be expanded to mining equipment, rare earth fields, advanced equipment and e-commerce platforms, so as to achieve win-win results in a wider range of cooperation areas.

Sun Guolong briefed the guests on the overall development of Baotou Iron and Steel Co., Ltd., with emphasis on the development planning and future prospects of iron and steel and rare earth plates. He pointed out: the scope of cooperation between Baotou Iron and Steel Co., Ltd. and CNRC is broad, and the advantages of the two sides complement each other obviously. Baotou Steel is willing to strengthen cooperation and docking with CNRC, promote joint development, earnestly promote the landing of projects, and truly achieve mutual benefit and win-win results.

Subsequently, Sun Guolong and Yu Weiping signed the strategic cooperation framework agreement on behalf of Baotou Iron and Steel Co.

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China Railway
supply and demand
rare earth permanent magnet
production capacity
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