Shared Opportunities at the 5th CIIE!

On November 6th, the SINOMACH trading sub-group signing ceremony at the 5th China International Import Expo was held at the National Exhibition and Convention Center. As an important member of SINOMACH, SUMEC actively uses the CIIE platform to expand the import of high-quality products and introduce high-end equipment, bulk commodities, consumer products, etc. It has signed a total of 16 projects and achieved new breakthroughs in procurement scale, further integrating into the domestic and international dual circulation, contributing to smooth global industrial chain and supply chain and promoting the transformation and upgrading of China’s manufacturing. SUMEC is willing to share development opportunities with global partners, and create a more open and prosperous future.

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Liu Fuxue, Deputy Director of China International Import Expo Bureau, Ding Hongxiang, Deputy Secretary of the Party Committee of SINOMACH, Luo Yan, Marketing Director, Yang Xuegui, Deputy Director of the Operation Management Department, Xia Wendi, Secretary of the Party Committee and Chairman of SINOMACHINT, Zhang Wei, Interim Secretary of the Party Committee and Chairman of SINOMACH Hainan, and relevant leaders of brother companies attended the signing ceremony. Yang Yongqing, Secretary of the Party Committee and Chairman of SUMEC, Zhao Weilin, Deputy Secretary of the Party Committee and General Manager, Shi Lei, Member of the Party Committee and Deputy General Manager, Hu Haijing, Assistant to the General Manager, and relevant personnel of SUMEC-ITC, SUMEC Machinery & Electric and SUMEC Eton attended the signing ceremony.

Working Together

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In his speech, Ding Hongxiang noted that SINOMACH has long collaborated with partners from a variety of nations to match the best machinery available worldwide for China’s manufacturing industry, support industrial transformation and upgrading, and further solidify the position of China’s manufacturing. At the CIIE, it will sign 19 import procurement agreements with 13 partners, with a contract value of about 2 billion US dollars in total. So far, SINOMACH has signed a total of 80 contracts on the CIIE platform, with a transaction amount of 19.1 billion US dollars. SINOMACH will continue to unswervingly implement the new development concept, bravely undertake the mission in smoothing the international circulation and promoting the domestic and international dual circulation, and bravely move forward on the road of leading the development of China’s machinery industry.

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SINOMACH signed a cooperation agreement with China International Import Expo Bureau and SUMEC on the e-CIIE platform, and was awarded the title of “Digital Exhibition Platform Construction and Operation Partner of CIIE” issued by the China International Import Expo Bureau.

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Introduce high-end equipment to help industrial transformation and upgrading: SUMEC signed a memorandum of cooperation and a purchase agreement for high-speed winding machines with Oerlikon Barmag, Zweigniederlassung der Oerlikon Textile GmbH & Co. and Japanese TMT Machinery INC. to promote the refinement of the spinning industry and promote technological upgrading. It signed a procurement agreement with a Norwegian company, Hycast AS, or low-pressure melting and casting production lines, an attempt to help domestic enterprises upgrade equipment and increase production capacity by introducing advanced fully automated casting technology. It also signed a memorandum of understanding with Mitsubishi Power to further strengthen cooperation between the two parties and help the transformation and upgrading of related industries.Shared Opportunities7

Practice the concept of green development and promote high-quality development: SUMEC signed a film production line procurement agreement with Brueckner Maschinenbau GmbH & Co. KG, a German enterprise, to provide high-quality film raw materials for lithium battery manufacturing and other industries, and promote the transformation and upgrading of the new energy industry. It signed a procurement agreement with Marubeni Corporation for lithium battery separator manufacturing equipment to increase the production capacity of lithium battery separator and help the green and low-carbon industrial development. It has signed an engine and generator set purchase agreement with Rolls-Royce Power Systems for three consecutive years, aiming to provide more environmentally friendly and greener power for China’s advanced equipment manufacturing, new infrastructure, data centers and other application scenarios, and helping to achieve the carbon peaking and carbon neutrality goals.Shared Opportunities8

Introduce bulk commodity raw materials to help smoothen the industrial chain and supply chain: SUMEC signed coal procurement agreements with Express Well Resources Pte Ltd and LX International Corporation from Indonesia to meet the demand for coal for domestic power supply and ensure the supply and stable price of bulk commodities.Shared Opportunities9

It signed a school wear procurement agreement with the British school uniform brand TRUTEX, actively injecting new impetus into the reform of school wear in China.

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Join forces to share global development opportunities: It reached cooperation intentions with the British Department for International Trade, Dutch Sino Business Promotions, and Korea International Trade Association, and signed a memorandum of understanding, laying the foundation for cross-border cooperation in the later stage.

Media Attention

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On the day of the signing, DRAGON TV released an all-media special live broadcast on the 5th CIIE and talked to Yang Yongqing, member of the Party Committee of SINOMACH, secretary of the Party Committee and chairman of SUMEC, and Hu Haijing, General Manager of SUMEC-ITC, during which attention was paid to SUMEC’s on-site signing, e-CIIE, exhibition, etc.

Shared Development

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After the signing ceremony, Yang Yongqing participated in the Digital Intelligence Empowering High-end Equipment Summit Forum hosted by the China International Import Expo Bureau and SINOMACH, delivered a keynote speech – “Financial Empowerment and Trade Connectivity Accelerate the Development and Upgrading of High-end Equipment Industry” – focusing on forging own strengths, serving the needs of the country, innovating service connotations, helping industrial development, strengthening cross-chain collaboration, and promoting industrial prosperity. He also shared SUMEC’s experience in deepening in-depth cooperation with domestic and foreign financial institutions and domestic equipment manufacturing enterprises, increasing product and service innovation, and better serving the real economy with innovative financial development.

Meeting on Site

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On the first day of the exhibition, Yang Yongqing reported the company’s participation in the exhibition to Xu Kunlin, Deputy Secretary of the CPC Jiangsu Provincial Committee and Governor, and Xu Kunlin gave encouragement and affirmation.

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Peng Huagang, Secretary-General of the State-owned Assets Supervision and Administration Commission of the State Council, visited the SUMEC boothShared Opportunities16

Liu Jingzhen, Secretary of the Party Committee and Chairman of SINOPHARM, visited the SUMEC boothShared Opportunities17

Ding Hongxiang, Deputy Secretary of the Party Committee of SINOMACH, visited the SUMEC booth

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Zhou Hougui, member of the Standing Committee of the Party Committee and Deputy General Manager of China Energy Engineering Group Co., Ltd, visited the SUMEC boothShared Opportunities20

Chen Zhong, member of the Standing Committee of the Party Committee and Deputy General Manager of China Communications Construction Company, visited the SUMEC boothShared Opportunities21

Cao Jiachang, President of the China Chamber of Commerce for Import and Export of Textiles, visited the SUMEC boothShared Opportunities22

Sun Jin, Deputy Director of the Department of Commerce of Jiangsu Province, visited the SUMEC booth

As General Secretary Xi Jinping said in his speech at the opening ceremony of the 5th CIIE, the purpose of holding the Expo is to expand the opening up and turn China’s massive market into a global opportunity. China is a big market, and the vast import demand has stimulated a steady stream of potential. Under the correct leadership of SINOMACH, SUMEC will forge its own strengths, serve the needs of the country, actively implement the dual-circulation development strategy, give full play to its advantages of being familiar with the two markets and two types of resources, introduce high-end equipment through the CIIE platform, serve the high-quality development of the real economy, and make positive contributions to helping SINOMACH build a world-class enterprise and promote the country’s construction of a modern industrial system.

Post time: Nov-17-2022

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