Yuneng Group enters the new materials sector

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Yueneng Group Enters the New Materials Sector Author/Source: Coal Chemical Engineering 114 Forum Date: 2020-11-23 Clicks: 7 On November 20, Wang Guozhong, Secretary of the Party Committee and Chairman of Yueneng Group, met with Yan Hui and his delegation from Mianyang Maxwell Technology Co., Ltd. At the meeting, the group company and Mianyang Maiswell Technology Company signed a strategic cooperation agreement regarding the promotion and application of new materials, marking the group company’s official entry into the field of new materials. Ma Shunkuan, member of the Party Committee and vice chairman of the group company, and Huang Ye, member of the Party Committee and deputy general manager, attended the meeting. Wang Guozhong welcomed Yan Hui and his party for coming from such a long distance. He said that as the largest state-owned enterprise in Yulin City, Yueneng Group is committed to making significant contributions to the city’s transformation, upgrading, and high-quality development. This strategic partnership with Mianyang Maxwell Technology Company represents a major step forward for Yueneng Group in terms of innovation and reform, as well as in expanding its operations both domestically and internationally. It is also an active exploration and bold attempt to extend the coal chemical industry along the downstream value chain. Yuneng Group is willing to work together with Mianyang Maxwell Technology Company to further deepen cooperation in the field of new materials, thereby fostering mutual benefit and win-win outcomes for both parties. Yan Hui said that as a company that places great emphasis on environmental protection and is committed to developing and producing pollution-free, high-performance water-based anti-corrosion coatings, McSwell Technology is a leader in this industry. Entering into a strategic partnership with Yueneng Group represents a combination of advanced technology and substantial capital, which will break the long-standing foreign monopoly on water-based anti-corrosion coatings, especially special types of such coatings. This will enable independent innovation and development in this field, thereby promoting the healthy and sustainable development of China’s new materials sector.