In order to deepen their strategic partnership and jointly create a new ecosystem for industrial development, on June 3, Ma'anshan Iron & Steel Co., Ltd. ("Masteel") and NGC Group ("NGC") held a high-level strategic cooperation exchange meeting. The two sides engaged in in-depth discussions on topics such as optimizing iron and steel material supply systems, joint research on cutting-edge technologies, and collaborative development in the fields of wind energy equipment and industrial transmission. With innovation-based development as the driving force, the two parties jointly devised a new blueprint for high-quality growth.
Deepening Synergies to Explore New Development Opportunities
At the outset of the meeting, core team members from both sides were introduced. Hu Fangzhong, Deputy Head of the Special Steel Research Institute at Masteel, delivered a report supported by detailed data and case studies. He systematically reviewed the key milestones and phased achievements in the history of their cooperation. His report outlined a number of forward-looking planning suggestions related to technological innovation pathways and future business coverage based on industry development trends, laying a solid foundation for further cooperation. An important consensus was reached at this meeting—to drive cooperation to a higher level through the twin drivers of "joint technology research and joint market development".
During this strategic dialogue session, senior managers from both sides engaged in in-depth exchanges regarding the future direction of their cooperation:
Ding Yuanxing, General Manager of Nanjing High Speed & Accurate Gear (Group) Co., Ltd., summarized the joint achievements over the past year and expressed the hope that both parties would deepen technological innovation driven by business needs. He emphasized exploring new models of green and intelligent manufacturing, expanding new areas for market cooperation, and continuously enhancing the depth and breadth of their strategic cooperation.
Fu Ming, General Manager and Deputy Party Secretary of Masteel, reviewed the company's growth journey in the past 70 years, emphasizing their significant advantages in full-industry-chain coverage and accumulated technologies. He particularly mentioned that NGC's advanced technologies in the field of wind energy equipment had opened up new horizons for Masteel. He looks forward to both parties leveraging their existing cooperation to ensure even better resource sharing and complementary advantages in a greater variety of application fields, jointly writing a new chapter of mutual benefit and win-win results.
Qi Weidong, Party Secretary and Chairman of Masteel, highlighted that with the support of national industrial policies and the strategic empowerment of Baowu Group, Masteel is now ushering in new opportunities for high-quality development. As important strategic partners, Masteel and NGC are not only in a supplier-customer relationship but also an innovation community. In the future, the two sides can explore comprehensive cooperation in areas such as joint technology research and development, quality system construction and Party building, working together to improve industry competitiveness.
Hu Jichun, Chairman of NGC Group, highly commended the achievements of cooperation between the two sides and called for strengthening joint innovation along the entire industrial chain. Through resource integration and technology sharing, both sides can address industry challenges together. He expressed strong confidence in the long-term prospects for the two parties in the fields of special steel materials and transmission equipment.
Building a Consensus to Embark on a New Journey of Cooperation
The success of this strategic exchange meeting marks a new chapter in the cooperation between Masteel and NGC. In the future, both sides will take this meeting as an opportunity to leverage both Masteel's technological advantages in special steel material research and manufacturing and NGC's technological strengths in the field of transmission equipment. They will deepen collaborative innovation across the industrial chain, tackling market challenges together and working together to create a new model in industrial cooperation, contributing to the high-quality development of China's manufacturing industry.