Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) has announced that on December 19 it signed a strategic cooperation agreement with Hunan Province-based Zoomlion Heavy Industry Science & Technology Development Co., Ltd (Zoomlion), a Chinese manufacturer of construction machinery and sanitation equipment.
Accordingly, Baogang, the largest industrial enterprise in Inner Mongolia, will cooperate on an in-depth basis with the leading enterprise in China's construction machinery industry. Li Chunlong, general manager of Baogang Group, said the agreement heralded great prospects for both sides. In addition, over the past 20 years, Baogang Group has built up a good relationship with Inner Mongolia-based Taixi Coal Group, which is also a key partner of Zoomlion. The new agreement will provide the three companies with the opportunity to widen and deepen their cooperation.
