«XIN steel» and Henan Xibao Group have signed a long-term strategic cooperation agreement
On the 25th of May 2012 Mr. Liu Chuanwei, Deputy Director General of XINsteel, and Mr. Li Shucheng, President of the Board of Henan Xibao Group signed a Long-Term Strategic Cooperation Agreement.
This Agreement will favour the further expansion of cooperation in the field of aluminium products as well as in new areas.
The President of the Board said: “XINsteel has cooperated with us for over 20 years. The partnership relates to production of auxiliary materials, aluminium products and other types of alloys. The both Parties have always maintained sincere partnership relations before, and signing of this Agreement now will favour the enhancement of the bilateral strategic cooperation. Henan Xibao will proceed with development of its high-end production, increasing of volumes of the production and potential of technological innovations. Our strong intention is to strengthen and extend our cooperation with XINsteel with the aim of mutual rapid expansion and increasing of competitive advantages of both Parties in related fields.”
By signing the Strategic Cooperation Agreement the both Parties are receiving a stable condition at the market and creating reliable supply and demand channels in both directions. The partnership is very important for joint counteraction against the existing difficult economic situation. The Parties stated that they will precisely follow the terms and conditions of the Strategic Cooperation Agreement and this will be a new step for continuation of high-level business connections together going ahead with joint plans for the future.