Signing ceremony of the framework agreement on strategic cooperation between Baowu Group and FAW Group was held in Baowu Tower on 23rd of June. In future, Baowu Group and FAW Group will carry out in-depth cooperation in multiple dimensions and multiple fields through project cooperation, including supply of automotive materials, R&D and application of new materials, new process and new technologies, industrial chain integration and development, exploration and construction of "Internet +" in supply chain, exchanging of views on the issues of Party construction, etc. Ma Gruoqiang who is the secretary of the party committee and chairman of the board of Baowu Group and Xu Ping who is the secretary of the party committee and chairman of the board of FAW Group attended the signing ceremony and witnessed the signature. Dai Zhihao who is the secretary of the party committee and chairman of the board of Baoshan Iron & Steel and Qiu Xiandong who is the deputy general manager of FAW Group signed on behalf of the two companies.
The cooperation between Baowu Group and FAW Group began in the 1980s. The two companies established the strategic cooperative partnership in 2001, established joint laboratory and joint venture processing and distribution center successively in 2003, created a model of cooperative innovation of domestic automobile enterprise and steel enterprise. Over the years, relying on joint laboratory, joint venture processing and distribution center, party construction cooperation and such platform, Baowu Group and FAW Group have achieved remarkable success in cooperation in respect of supply of automotive materials, R&D and application of new materials, new process and new technologies, industrial chain integration and development, etc. In recent years, the cooperation between the two companies extends from traditional fields to emerging fields, jointly promotes the automobile lightweight and cost reduction through technologies, advances the forward-looking technologies and generic technology research, takes advantage of mobile Internet, big data, cloud computing and such new technologies to drive the business innovation.
On the signing ceremony, the two companies exchanged views on further deepening cooperation. FAW Group thanked Baowu Group for strongly support on the technical R&D, technical service and resource guarantee over the years. Faced with the increasing competition in the auto industry, both companies are hoped to further strengthen business and technical cooperation, reduce the cost, so as to realize a win-win situation. Baowu Group reviewed the strategic cooperation process with FAW Group, in-depth strategic cooperation between each other in the field of scientific research, technological development, trade, logistics, processing and distribution laid a solid foundation for realization of mutual benefit and win-win situation. Looking forward to a new round of technical cooperation between each other, Baowu Group put forward ideas on future cooperation direction and cooperation fields, best wishes for a win-win cooperation and a better future.
Dai Zhihao officiated the signing ceremony. He expressed that auto sheet of Baoshan Iron & Steel has made great progress with the development of the domestic automobile industry. After the establishment of Baowu Group, through deep integration and merging, Baoshan Iron & Steel will innovate the management mode, improve the overall manufacturing capacity and service level, pursue greater technological progress. For the cooperation with FAW Group, besides continuing to reduce costs and improve service quality, better service will also be provided in the field of expansion of new materials and new technologies.
Xu Ping pointed out that FAW Group has a long history of cooperation with Baowu Group and has established deep affection between each other during the cooperation process, realized a win-win situation. Quality and service level of the auto sheet of Baoshan Iron & Steel impressed FAW Group. He thought, after establishment of Baowu Group, the scale, technology, service and management level will all be greatly improved, market development capability, ability to gather global resources, insight into the future and the level of party construction will all be in the forefront. For the next step, FAW Group and Baowu Group should deepen cooperation from five aspects: deepening cooperation, innovative cooperation, synergistic cooperation, green cooperation and party construction cooperation, stay true to the mission, continue to advance and usher in a new era of cooperation between each other.
Ma Guoqiang thanked FAW Group for its long-standing support for Baosteel and Wuhan Iron & Steel, which provided a good opportunity for steel enterprise to support national industry and localization and promoted technological progress of the auto sheet of Baoshan Iron & Steel. After establishment of Baowu Group, through the integration and merging, Baowu Group will strive to use shortest time to make the product quality and service level of different production bases reach the same requirement, so as to meet user requirements in different areas. Baowu Group has the confidence and determination to provide better products and services with development of FAW Group. In future, Baowu Group will continue to exploit potentialities internally, realize manufacturing cost reduction through production optimization; Use big data to reduce inventory, so as to reduct the cost of steel and materials for the user. He expressed that cooperation deepening between Baowu Group and FAW Group will take the signature of strategic cooperation framework agreement as the starting point, the two companies will make joint efforts to get great achievements in both economic benefit and party construction.
Chu Shuangjie who is the deputy general manager (Standing) of Baoshan Iron & Steel, Liu An who is the deputy general manager of Baoshan Iron & Steel and general manager of Wuhan Iron & Steel Co., Ltd., Wang Jing who is the deputy general manager of Baoshan Iron & Steel and related persons of FAW Group attended the signing ceremony.
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