On July 6, Sinosteel Corporation and Xinjiang Bayi Iron &.Steel Co., LTD sign strategic cooperative agreement in Urumchi. Song Airong, Vice Chairman of the Xinjiang Uygur Autonomous Region attends the ceremony and delivers a speech. Sinosteel President Huang Tianwen and Xinjiang Bayi Iron &.Steel Co., LTD General Director Zhaoxia, on behalf of each corporation, sign on the agreement.
On the signing ceremony, representing Xinjiang Uygur Autonomous Region Council and Government, Vice Chairman Song Airong extends warm greetings to Sinosteel and the singing of this cooperative agreement. She points out that Sinosteel is a large-scale central enterprise integrating resources development, trading & logistics, engineering & technology and specialized service, with strong competence of global-running sales network and system integrating capability. As a local enterprise, Xinjiang Bayi Iron &.Steel Co., LTD enjoys regional preferences in policy, resources and location. The singing of this strategic cooperative agreement will strengthen communication and widen cooperation scope between central enterprises and Xinjiang local enterprises, which will gain close attention and solid support from local government. She wishes two sides may have a joint development and reach mutual success.
Xinjiang Bayi Iron &.Steel Co., LTD is the first iron & steel company in Xijiang. Over 50 years ago, it made an epoch in steel industry of northwest China. In virtue of advanced management and top-ranking equipment, Xinjiang Bayi Iron &.Steel Co., LTD has developed into a large-scale enterprise group with an annual steel production of 3 million tons. It focus on steel industry and also operates in fields of mining, architecture, cottoncracy, transportation, constructional materials, real estate, metal products etc. For half a century, Xinjiang Bayi Iron &.Steel Co. has made great contribution to economy prosperity, national unity, and consolidation of frontier defense in frontier autonomous region.
Xinjiang Bayi Iron &.Steel Co., LTD and sinosteel were both subordinated to State Administration of Metallurgical Industry in history, which is a favorable precondition to carry out cooperation. As a professional facilitator and production agent, Sinosteel is accomplished in providing corresponding service to Xinjiang Bayi Iron &.Steel Co., LTD at every section of production. This strategic cooperative partnership will further exert advantages of these two enterprises, facilitate an all-round cooperation in raw/ supplementary materials provision, engineering & equipment, technological service, steel products business etc, and promote the sustainable, harmonious and sound development of Chinese steel industry.
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