Weiqiao Group and Itochu Corporation to Strengthen Cooperation Across Metals, Non-ferrous Materials, and Technology Development

Published: Aug 29, 2024 17:52

Save

In his speech, Zhang Bo pointed out that Weiqiao Group and Itochu Corporation have a long history of cooperation, and have jointly established joint ventures, laying a foundation of mutual trust for both sides. Next, the two parties will explore all-round cooperation in areas such as the metal sector, and look forward to finding more points of convergence in their interests through cooperation, thereby contributing to the long-term development of both companies. Zhu Gu Chun said that Itochu Corporation has been recognized as a Sino-Japanese friendship trading company since 1972, and is the first large trading company approved for sustainable development in China. It has been cooperating with Weiqiao Group for more than 20 years, and is one of the longest-running and most important partners. It is expected that on the basis of deep cooperation in the textile field, the two parties will expand their cooperation to areas such as non-ferrous metals, automotive lightweight materials, and technology development. He expressed gratitude to the Binzhou Municipal Party Committee and the Municipal Government for their strong support in promoting comprehensive cooperation between the two parties, and sincerely looked forward to achieving fruitful results in cooperation.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 hours ago

【SMM Aluminum Flash News】Hydro Reports Q1 2026 EBITDA of NOK 8.668B, Down from Last Year but Profitability Strong

According to Hydro's official website, Hydro's adjusted EBITDA for the first quarter of 2026 was NOK 8.668 billion, lower than NOK 9.516 billion in the same period last year. This was mainly due to lower raw material costs, higher metal prices, and increased sales of alumina and metals, but this was partially offset by lower alumina prices, a stronger NOK, and lower electricity generation. Hydro's profitability was strong this quarter, with adjusted earnings per share increasing to NOK 2.07 in the first quarter of 2026, compared to NOK 1.63 in the first quarter of 2025. The upstream business segment continued to operate strongly in the first quarter.

12 hours ago

【SMM Aluminum Flash News】Hesheng Co. Reports 20.34% Revenue Growth, 92.47% Net Profit Surge in 2025 Annual Report

Hesheng Co., Ltd. disclosed its 2025 annual report on April 29. In 2025, the company achieved total operating revenue of 4.011 billion yuan, a year-on-year increase of 20.34%; net profit attributable to the parent company was 155 million yuan, a year-on-year increase of 92.47%.

12 hours ago

【SMM Aluminum Flash News】Jiaozuo Wanfang Reports 18.49% Revenue Growth, Net Profit Surges 216.46% in Q1 2026

Jiaozuo Wanfang announced that its operating revenue for the first quarter of 2026 was 1.757 billion yuan, a year-on-year increase of 18.49%. Net profit was 511 million yuan, a year-on-year increase of 216.46%.

12 hours ago