OREANDA-NEWS. August 27, 2012. Baosteel Group Corporation and Dongfeng Motor Corporation's new round of strategic cooperation agreement signing and automotive steel joint laboratory opening ceremony is held at the headquarter of the Dongfeng Motor Corporation, reported the press-centre of Baosteel.

Baosteel Group Corporation chairman Xu Lejiang, Dongfeng Motor Corporation chairman and Party secretary Xu Ping attend the signing ceremony and jointly inaugurate the joint lab.Baosteel Co.,Ltd. general manager Ma Guoqiang, Dongfeng Motor Corporation general manager Zhu Fushou sign the agreement representing the two sides. Baosteel Co.,Ltd. deputy general manager Wang Jing, Baosteel International general manager Yao Linlong, Baosteel Co.,Ltd. assistant general manager Zhang Yong, Dongfeng Motor Corporation deputy general manager Tong Dongcheng, operation and management department director Lei Ping attend the ceremony.

In November 2003, Baosteel and Dongfeng Motor Corporation signed the first round of strategic cooperation agreement in Wuhan. Over the years, both side carry out in-depth cooperation in alternative localization, lightweight, processing and distribution JIT service and e-commerce construction and have yielded fruitful results.The new round of strategic cooperation agreement signing marks that the strategic cooperation and win-win strategic partnership on both sides formed through many years will be further developed in wider areas and deeper levels.Under the agreement, the two sides will expand cooperation space in terms of supply chain value management and technology exchange.The establishment of automotive steel joint laboratory will reveals both sides' advantage in material application, complement collaboration, and promote both sides' technological development.

Xu Ping says at the signing ceremony that for a long time, Dongfeng Motor Corporation and Baosteel has established good cooperation relationship. The development of Dongfeng Motor Corporation can not do without the strong support of Baosteel. Especially in material application and resource security, Baosteel gives full play to the advantages in technology and services. "I hope on the basis of existing cooperation, both sides can continue and deepen cooperation, work together to create the most competitive industry supply chain, jointly cope with the changes in the market and achieve win-win situation."

Xu Lejiang says at the signing ceremony that Baosteel and Dongfeng Motor Corporation's cooperation is of long history and effective.He stresses that at present, the steel industry suffers an unprecedented crisis, steel industry structural adjustment and restructuring development are imminent.With strategic cooperation agreement signing as an opportunity, Baosteel will further strengthen all-round cooperation with Dongfeng Motor Corporation in new material, new technology, new technology application and whole process industry supply chain, further improve  Baosteel's competitiveness and create Dongfeng Motor Corporation and Baosteel strategic cooperation new era together with Dongfeng Motor Corporation.