OREANDA-NEWS. July 08, 2011. Beijing Shoubao Nuclear Force Equipment & Technology Co.,Ltd jointly invested by Baosteel Engineering & Technology Group and Shougang Equipment & Technology Company Limited was formally inaugurated. Baosteel Group vice chairman and Party secretary Liu Guosheng and Shougang Group chairman and Party secretary Zhu Jiming attended the ceremony and jointly unveiled the new company, reported the press-centre of Baosteel.

President of Baosteel Engineering & Technology Group Jiang Weimin, president of Shougang Group Wang Qinghai, vice president of Shougang Group Liu Yongyang and Qiang Wei attended the opening ceremony.

Baosteel and Shougang's close cooperation on equipment and technology services has a long history. After its establishment, Shoubao will mainly focus on the equipment management needs from its users and create more value for the users through reliance on the first-class professional equipment and technology, strive to be a first-ranking equipment and technology service company with core competitive power within the industry.

Both Jiang Weiming and Liu Yongyang hoped in the speech that Shoubao will take its unique advantages to keep a foothold in Beijing and march to Shunyi Cold Rolling, Shougang Jingtang, Qian'an Steel and Shouqing Company, strive to be the model enterprise in overhaul and maintenance of steel rolling equipment in the metallurgical industry, so as to make a greater contribution to improve the overall level of equipment and technology in the iron and steel industry in China.