Baowu News

[ 2017-11-08 ]

In the morning of November 4, a clear and crisp day in autumn, Baosteel Ltd.’s No.1 blast furnace looked more imposing in the background of blue sky and white cloud. The commemorative activity for 40th anniversary of the friendly cooperation between China Baowu—Nippon Steel & Sumitomo Metal was held in the No.1 blast furnace commemorative square. The senior leaders and old friends who witnessed the friendly cooperations between China Baowu and Nippon Steel & Sumitomo Metal, and the representatives from both parties who are carrying on and exploring more extensive and deeper cooperation fields, with the spirit of “carry-on and cooperation”, looked back on the 40-year cooperation history between China Baowu and Nippon Steel & Sumitomo Metal together, recalled profound friendship, shared the fruitful achievements, and look into the cooperation prospect in future.

The leaders and senior leaders of China Baowu, including Ma Guoqiang, Chen Derong, Xie Qihua, Hu Wangming, Dai Zhihao and Zou Jixin, etc., and the honored guests from Nippon Steel & Sumitomo Metal including Shoji Muneoka, Kosei Shindo, Akio Mimura, Kinya Yanaagwa, Yasumitsu Saeki, Hashimoto Eiji attended the commemorative activity. The activity was chaired by president and vice Party secretary of China Baowu Chen Derong.

The friendly cooperation between China Baowu—Nippon Steel & Sumitomo Metal has a long history, the bell and one section of blast furnace tuyere imported from Nippon Steel then stand in the No.1 blast furnace commemorative square, telling the cooperative friendship quietly. In November 1977, the visit by chairman of Nippon Steel Inayama Yoshihiro to China opened the prelude to the cooperation between Baosteel and Nippon Steel. Baosteel’s phase 1 project imported complete sets of equipment, technologies and management systems from Nippon Steel, thousands of Baosteel’s technicians went to Nippon Steel for training and practices, and Nippon Steel also sent many technical specialists to participate in the construction and technical instructions of Baosteel. Baosteel always regards Nippon Steel as its mentor.

In 2004, Shanghai Baosteel-NSC Automotive Steel Sheet Co., Ltd. was set up, and both parties started new chapter of cooperation and win-win. After that, 2 joint ventures were also added between China Baowu and Nippon Steel & Sumitomo Metal, and the relationship between both parties became closer.

Party secretary and chairman of China Baowu delivered a speech. He pointed out that, the profound friendship between China Baowu and Nippon Steel & Sumitomo Metal has become the example of cooperation and win-win in the business circles of China and Japan. Now the world steel industry is undergoing profound change, and confronted with the competition pressure and challenges from environment, resources, substitute materials and intelligent manufacturing. As the influential steel enterprise groups in the world, both China Baowu and Nippon Steel & Sumitomo Metal have shouldered the responsibility of propelling the development of the industry. The continued inheritance of the 40-year friendship and deepening of the exchange and cooperation between both parties are not only beneficial to the enhancement of respective corporate value, but also conducive to joint response to the industrial challenge and guiding the industrial development. He wished that both parties can manage the existing cooperation projects well, and lay the foundation for future cooperation and development. Both parties can also carry out exchange on the issues such as internal consolidation, and take reference from each other’s successful experiences; communicate and exchange on non-steel business, seek cooperation opportunity; explore the opportunities for cooperation in “the Belt & Road” countries and regions. He believed that, as long as both parties can adhere to the concept of cooperation and win-win, along with the global industrial shift, the transformation and upgrading of Chinese economy, and the implementation of “the Belt & Road” initiative, both parties are bound to find more cooperation opportunities. He said, looking back into the past, the cooperation between China Baowu and Nippon Steel & Sumitomo Metal is sincere and successful. It conforms to the interests of both parties to look into future, inherit the friendship and deepen the cooperation. China Baowu is willing to continue to drive the practical cooperation with Nippon Steel & Sumitomo Metal on the basis of mutual trust, reciprocity, cooperation and win-win, and realize common development.

Representative Director and President of Nippon Steel & Sumitomo Metal Kosei Shindo delivered a speech. He reviewed the 40-year cooperation history between Nippon Steel & Sumitomo Metal and China Baowu. He pointed out that huge changes have taken place in the development environment of world steel industry, Chinese steel industry is also eliminating the substandard steel, cutting down the surplus capacity. The steel enterprises are all accelerating equipment upgrading, and the competition among the enterprises become more intensified. As the automobile industry increases the requirements for lightweight and high strength, the demand for steel also changes. The steel industry will usher in the new generation intelligent steel mill along with the technological progress of IOT (Internet of Things), big data and AI (artificial intelligence), etc. He said, Nippon Steel & Sumitomo Metal will continue to value the 40-year trust relationship with China Baowu, construct a “closer and more mature relationship” than before, and strive to further improve the profitability and competitiveness of the joint ventures. He wished that both parties can trust and respect each other, and seize the opportunity for common development through close exchange, to realize win-win.

When chairing the commemorative activity, Chen Derong pointed out that Nippon Steel & Sumitomo Metal is always the benchmarking enterprise in international steel industry. After many years of development, China Baowu, from a student at that time, has grown into a giant with annual crude steel output ranking No.1 in China and No.2 in the world. The respective industrial positions and competitive advantages have made both parties full of expectation for continued cooperation and win-win in future. He said, President Kosei Shindo’s remark “constructing a closer and more mature relationship, building a mutual trust and respect win-win relationship” expressed the common wishes of both parties, let’s continue to join hands and start the new round cooperation with “win-win philosophy”.

Ma Guoqiang, Chen Derong, Xie Qihua, Shoji Muneoka, Kosei Shindo, Akio Mimura planted two Yulania Hong Yun standing for nicety, and unveiled the monument of “40th anniversary of the friendly cooperation between China Baowu-Nippon Steel & Sumitomo Metal” together.

Later on, the guests attending the commemorative activity visited Baosteel History Exhibition Hall and Baosteel Ltd. plant area. Both parties also made senior leaders’ exchange, group discussion and commemorative dinner party, etc.

Source:Baowu News Centre