Trade Resources Company News Baosteel and Shentong Metro Group Sign Strategic Cooperation Intent Letter

Baosteel and Shentong Metro Group Sign Strategic Cooperation Intent Letter

Recently, Baosteel and Shentong Metro Group sign strategic cooperation intent letter and at the same time, Shanghai Metro Electronic Science and Technology Co., Ltd., co-established by Baosight and Shentong Metro Group is formally inaugurated. In future, Baosteel and Shentong Metro Group will expand research cooperation in rail transportation information construction, explore full rail traffic management business information goals and patterns and further enhance rail transportation business refined management and standardization. Baosteel Group Co., Ltd. general manager He Wenbo and Shentong Metro Group Party secretary and chairman of the board Ying Minghong attend the ceremony.

After 10 years of rapid development, Shentong Metro Group network lines in operation has a total length of 400 kilometers, which is in the forefront in the nation. With the rapid development of urban rail transportation, Shentong Metro Group hopes to carry out close co-operation in the fields of technology and management with Baosteel, further improve its rail transportation operation management, enhance safety management effectiveness and provide passengers with more personalized service. After 30 years of development, Baosteel has accumulated a wealth of experience in the field of information, intelligence, mechanical and electrical integration service, and has already the ability to provide technical support for the rail traffic information construction. There are broad prospects for cooperation between the two sides.

In this signing of letter of intent on strategic cooperation, Baosteel and Shentong Metro Group will carry out information technology project research in rail transportation information technology planning, program development, project pre-research and IT governance. They will explore together rail traffic management business information technology goals and models and further promote rail transportation information technology planning and strategy implementation. At the same time, after the establishment of Shanghai Metro Electronic Science and Technology Co., Ltd. co-established by both parties, Baosteel and Shentong Metro Group will carry out in-depth cooperation in technology and management and jointly promote Shanghai Metro vehicle maintenance technical level improvement. They ensure Shanghai rail transportation safe operation and network operation and contribute to Shanghai rail transportation network operation maintenance and management "domestic leading position and international advanced level".

He Wenbo says that Baosteel and Shentong Metro Group are currently in innovation-driven and transformation development critical period. The two sides' signing of letter of intent on strategic cooperation and joint establishment of Shanghai Metro Electronic Science and Technology Co., Ltd. not only conforms to the common interests of Baosteel and Shentong Metro Group, but also helps to promote Shanghai rail transportation construction and development. In Baosteel's practice of "from manufacturing to service" strategic shift, Shanghai Metro Electronic Technology Co. can be Baosteel's strategic shift test platform. He Wenbo requires that Baosight and other units should go all out and build Shanghai Metro Electronic Technology Co. into domestic first-class metro electric technology company and make positive contribution to Shanghai metro technology's advance and China metro's development.

Source: http://www.baosteel.com/group_en/contents/2863/41790.html
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