ZOOMLION Has Strategic Cooperation Agreement with Baogang Group

On the afternoon of December 19, 2013, ZOOMLION and Baogang Group signed a strategic cooperation agreement, marking that the internationalized corporation ZOOMLION, which rank the sixth place in the world construction machinery industry, joins hands with the Baogang Group, reputed as the Inner Mongolia's largest industry firm and the world largest rare earth industry base.

At the signing ceremony, Zhang Jianguo, Senior President of ZOOMLION, and Li Chunlong, General Manager of Baogang Group, jointly signed the written agreement. After that, Meng Zhiquan, member of the BOD of Baogang Group, delivered the welcome speech, and Vice General Manager Ding Zhiyun presided over the signing ceremony. Meanwhile, Chief Accountant Wang Hong attended the ceremony, and Wang Haixia, President of Taixi Coal Group partook in and addressed the ceremony.

In his speech, Senior President Zhang Jianguo expressed his anticipation to the firm strategic partnership between ZOOMLION and Baogang Group, and he said: "Thanks to more than 20 years of development, ZOOMLION has cultivated powerful science & technology strength, strong innovation ability, and rich scientific research culture. Also, it has made definite its goal of marching into the World Top 3 Construction Machinery Vendors. We hope that Baogang Group could continue exerting its prominent competitiveness and reinforce the cooperation with ZOOMLION, in order to achieve mutual benefit and win-win".

After the signing ceremony, Li Chunlong noted that this signing was a good beginning for both sides because it heralded a promising future between Baogang Group and ZOOMLION, and both sides would realize mutual benefit, win-win, and common growth. Over the past 20-odd years, Baogang Group forged a favorable partnership with Taixi Coal Group, so did ZOOMLION. This time, Baogang Group established a more profound, extensive, and promising three-party strategic partnership with ZOOMLION and Taixi Coal Group, which is bound to deepen the three parties' friendship and in turn lead to a brand-new resplendence!