Baosteel Special Steel Signed Strategic Cooperation Framework Agreement with AVIC Heavy Machinery

Resource from: CBCC Likes:225

May 24,2016

Recently, Baosteel Special Steel signed five-year strategic cooperation framework agreement with AVIC Heavy Machinery Co., Ltd. AVIC Heavy Machinery Co., Ltd., affiliated to Aviation Industry Corporation of China, was listed in Shanghai Stock Exchange in 1996 and has become a listed company with comparable strong system competitive advantage in domestic China and overseas. Through numerous years, Baosteel Special Steel has maintained fine cooperative relationship with AVIC Shaanxi Hongyuan Aviation Forging Company Ltd., AVIC Guizhou Anda Aviation Forging Co., Ltd. and AVIC Xian Special Metal Co., Ltd. in aspects of material manufacture and supply etc. This time, the two sides have signed five-year strategic cooperation framework agreement through friendly negotiation in line with principles of mutual benefits and mutual interests, complementary advantages, win-win cooperation and promoting market competitiveness together. In future, both sides shall be bonded by business cooperation to deepen and enlarge the width and strength of cooperation in all aspects of product development and market purchase etc. to realize mutual development.

(CBCC)

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