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Group Corporation Signed a 5-year Copper Cathode Procurement Contract of RMB 27 billion With KGHM Group
CopyFrom: Date:08 November 2018
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  On November 6, 2018, the Chinese Central SOE International Cooperation Forum of the first China International Import Expo. was held. As the representative of central enterprises, the Group Corporation signed a 5-year copper cathodeprocurement contract of RMB 27 billion with KGHM during the forum. Xiao Yaqing, Chairman of the State-owned Assets Supervision and Administration Commission of the State Council, Wang Bingnan, Deputy Minister of Commerce, Guo Wenqing, General Manager and Deputy Secretary of Party Committee of the Group Corporation and Chairman of MCC, Tadeusz Kościński, Undersecretary of State in the Ministry of Enterprise and Technology, and Marcin Chludziński, President and CEO of KGHM, witnessed the signing together.

  It is a new measure taken by the Group to actively answer the "Belt and Road" Initiative and to participate in the new strategic pattern of high-level opening-up in China. The 5-year cooperation with RMB 27 billion enhances the strength and depth of the cooperation between the Group and KGHM, making new contributions to the overall establishment of China-Poland strategic partnership.

  Before the signing, Guo Wenqing met with Marcin Chludziński, President and CEO of KGHM, and his delegation. Gou Wenqing congratulated Mr. Marcin on becoming the new president and CEO and expressed his pleasure for meeting with Mr. Marcin in Shanghai during their talk. He introduced the development of China Minmetals and MCC Group which are Fortune 500 enterprises after their strategic restructuring.

  Guo Wenqing pointed out that the restructured China Minmetals got through the metal mining industry chain from resource acquisition to exploration, design, construction, mining, mineral processing, smelting, logistics and trade. The assets it manages reach RMB 1.68 trillion with 200,000 employees. As the only state-owned capital investment company in China's metal mining industry, it is committed to become "the first in China and the first class around the world". As a pioneer and new force in China's iron and steel industry as well as the national team of China's metallurgical construction, MCC Group occupies 90% and 60% of national and global metallurgical construction market respectively. All the blast furnaces in domestic iron and steel enterprises are built by it. Besides, it provides first-class construction and technical supports and operation services for large iron and steel enterprises in China.

  Guo Wenqing stressed that KGHM was one of the enterprises which cooperated with the Group in the earliest stage and they cherished the profound friendship between the two sides. Recently, the two sides promote their cooperation constantly, upgrading the strength and range of it. According to the statistics, the import amount of the Group from KGHM accounts for 40% to 60% of total amount of China from Poland. The lasting and stable mutual cooperation improves the economic and trade relationship between the two states and supports the sustainable development of China-Poland economic and trade exchanges.

  At last, Guo Wenqing stated that the lasting and stable cooperation between the Group Corporation and KGHM cultivated profound friendship among enterprises from the two countries which was praised by people of different levels in the two countries. KGHM and China Minmetals witness China-Poland friendship together. It is hoped that both sides can take the signing as a new opportunity and carry forward the cause to create a wonderful future.

  Marcin Chludziński expressed this sincere gratitude for being invited by the Group Corporation. He said that it was the first time for him to visit China and he felt very good. The Group Corporation rendered great supports to KGHM during the Expo. The two sides have developed a long-term partnership and walked through a wonderful cooperation period jointly. And their cooperation is supported by two governments. It is expected that the cooperation between the Group Corporation and KGHM will keep on going.

  During the Expo., KGHM invited Guo Wenqing to visit the Polish Copper Enterprise Exhibition.

  Liu Caiming, Zhang Zhaoxiang, and Jiao Jian, Vice General Managers and members of the Party Committee of the Group Corporation, Danuta Tuchorska, KGHM's Executive Director For Business, Marcinkowska·Bartkowiak, Executive Director For Media Matters, Marcin, General Manager of KGHM, Radoslav·Sheddok, Counselor to the President of KGHM, and Xing Yan, Li Zhicong and Yang Liang from the head office and directly affiliated subsidiaries of China Minmetals participated in the above activities.

  

  Xiao Yaqing, Shen Ying, Wang Bingnan and Gou Wenqing witnessed the signing

  

  Guo Wenqing at the scene of the Forum

  

  Group photo of the two sides

  

  Gou Wenqing met with the president of KGHM


MCC

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