OREANDA-NEWS. December 15, 2011. The annual exchange meeting of senior executives of Baosteel Group Corporation and China International Marine Containers (Group) Ltd. (CIMC) was held in Zhongshan Guangdong. Centering on the theme of "Green and environmental protection, forging the value chain of sustainable development", the attendees made in-depth exchanges and reached common understanding, reported the press-centre of Baosteel. 

Both parties vowed to further strengthen the exchange, deepen the cooperation, enhance the friendship, develop in an all-round way, win the value and create the future together.

President He Wenbo and secretary to the board of directors and assistant president Wang Li of Baosteel Group Corporation, president Mai Boliang and vice president Wu Fapei of China International Marine Containers (Group) Ltd. , and the principals of relevant units of Baosteel and CIMC attended the annual meeting.

Since Baosteel and CIMC signed the agreement for strategic cooperation in 2009, the cooperation between both parties has been deepened continuously, extending from steel sales to overall cooperation of industrial chain. It is learnt that this year Baosteel has supplied nearly 450,000 tons of various steel to CIMC, and the cooperation projects are proceeding in an orderly way. The annual exchange meeting of senior executives has become an important platform for both parties to deepen the strategic partnership.

In the meeting, Baosteel and CIMC released the themes of "Review of the cooperation between Baosteel and CIMC", "CIMC's assessment of Baosteel's products", "Baosteel's development planning", "CIMC development planning" and "Opportunities for cooperation between both parties"“, etc. and made panel discussions. Through study and discussion, both parties reached the consensus that, centering on both parties' strategic goals of development, both parties can exert the respective advantages, further expand the cooperation in R&D of new steel products, scrap steel recycling, equipment purchase, new type building and industrial gas, etc., create new mode for cooperation and realize the common development.

In his speech, He Wenbo said that Baosteel can not maintain the best performance in the industry under such a complicated and volatile market environment without the trust and support of the important strategic customers like CIMC. He expressed that Baosteel always adheres to the operating concept of "customer as the center and market as the guide". The enterprise can realize its own value and win sustainable competitiveness only by satisfying the customer's demand and creating values for customer. "Green and environmental protection, forging the value chain of sustainable development" is the common concept of Baosteel and CIMC. He wished that both parties can continue to maintain the effective communication, and realize the respective strategic goal through overall strategic cooperation.

Mai Boliang briefly introduced CIMC's conception for development strategy. He expressed that the cooperation between CIMC and Baosteel has extended from single product to more fields, and both parties can almost cover each other's business completely, thanks to the continuous progress and upgrading of the enterprises of both parties; the upgrading from product cooperation to overall strategic cooperation between CIMC and Baosteel is a result of the accumulation, mutual trust and consideration in the long-term cooperation between both parties. He wished that, as the exchange and cooperation between both parties keep deepening, greater achievements can be made to make the cooperation between both parties an example of the cooperation between large enterprises.