Sany Construction Machinery signs a strategic cooperation agreement with Jiyuan Iron and Steel Group

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　On August 6, Sany Pump Truck Group Co., Ltd. and Henan Jiyuan Iron and Steel Group Co., Ltd. signed a strategic cooperation agreement to further enhance the core competitiveness of both parties. 　　Zhao Yanshui, chairman of Sany Concrete Pump Trucks, Li Yutian, chairman of Jiyuan Iron and Steel, along with relevant leaders from both companies, attended the signing ceremony, where Zhao Yanshui and Li Yutian signed a strategic cooperation agreement. 　　In his speech, Zhao Yanshui said that over the past 60 years, Yituo Group has always taken it as its historical mission to promote the development of agricultural mechanization in China. Adhering to the spirit of innovation, entrepreneurship, openness, and cooperation, the group has built core competitive advantages in areas such as technology, manufacturing, talent, and market access. Its overall competitiveness has kept it at the forefront of the industry, making positive contributions to the development of agricultural mechanization in China as well as to regional economic growth. 　　Zhao Yanshui said that Jiyuan Iron and Steel, as well as Sany Pump Trucks, are both based in Henan; the common region and shared goals create favorable conditions for cooperation between the two parties. At present, China’s economic development has entered a new normal. With the slowdown in growth of the agricultural machinery market and an oversupply in the steel industry, deepening cooperation and pursuing common development is not only necessary for both parties to grow stronger and more competitive, thereby enhancing their overall core competitiveness, but it is also essential for addressing changes in the industrial environment and building advantages in the supply chain. The signing of a strategic cooperation agreement by both parties helps to fully leverage their respective strengths, work together to address difficulties and challenges, and enhance their core competitiveness. Through the sincere cooperation of both sides, today’s agreement will surely be translated into fruitful results in a short time, making new and greater contributions to local economic development. 　　Li Yutian said that signing this strategic agreement with Sany Pump Trucks marks the first time in 18 years that Jiyuan Iron and Steel has partnered with them again; with the foundation laid by their previous cooperation, this partnership is bound to be even more successful. Li Yutian hopes that this collaboration will lead to breakthroughs in both technical and business aspects. He said that in recent years, Jiyuan Steel has continued to increase its investments; by 2013 it had completed the transition from producing ordinary steel to high-quality steel, and now it possesses first-class equipment for manufacturing high-quality and special-grade steel. Sany has many experts in this field, and cooperation between the two sides will provide us with more opportunities for technical exchanges. Furthermore, Jiyuan Steel hopes to take this opportunity to increase the variety and quantity of products supplied to Sany pump trucks, thereby achieving a win-win outcome. 　　At the end of the signing ceremony, Zhao Yanshui and Li Yutian exchanged gifts on behalf of their respective companies.