Procurement agreements were inked between China Baowu Steel Group Corp and its global partners on Sunday during the ongoing ninth China International Import Expo, marking the ninth straight year China Baowu has attended the event and reached procurement deals.
The deals signed between China Baowu and 14 well-known global companies cover four areas — the purchase of smart equipment, resources collaboration, ore resources, and production cooperation — and this year's procurement saw a further increase in procurement scale compared to previous years.
As a regular participant in the CIIE, China Baowu has long regarded the event as a key platform to connect with global partners and explore cooperation opportunities. Committed to its going-global strategy and to maximizing the CIIE's extended effect, China Baowu is working with global partners to build a more resilient, efficient, and secure industrial and supply chain system, aiming to achieve shared resources and mutual benefits.
"Amid the undergoing steel industry's in-depth adjustments, the rapid advancement of artificial intelligence, and the green and low-carbon transformation, China Baowu is firmly focused on its goal of building itself a world-class corporation," Fei Peng, vice-president of China Baowu Steel Group Corp, said.
"China Baowu is ready to work with global partners to build a more resilient industrial chain through open collaboration, unleash stronger innovation momentum through digital-intelligence integration, and lead a sustainable future through green initiatives," Fei said, adding that, in the future, China Baowu will not only be China's Baowu, but also the Baowu of the world, trusted by global partners.
