en.Wedoany.com Report, On the morning of March 25 local time, China National Chemical Engineering Chairman Hu Wangming visited Egypt's EZZ Steel Company. He held in-depth discussions with EZZ Steel Company Chairman Ahmed Ezz on topics such as the future development of the steel industry and the green, low-carbon transition.
Hu Wangming introduced the development of China's steel industry and the overall situation of China Baowu. He stated that over the years, the rapid development of China's steel industry has made significant contributions to the country's economic and social development. Facing the new landscape in the steel industry's development, China Baowu is actively implementing its high-quality development model of "Three Innovations, Four Transformations, and Five Strategies." Focusing on the development directions of "high-end, intelligent, green, and efficient," the company is committed to building a more innovative, intelligent, green, efficient, and international Baowu. Internationalization is the essential path for China Baowu to build a world-class enterprise. EZZ Steel Company is a major steel enterprise in Egypt, and he expressed hope that both sides would further strengthen exchanges and deepen cooperation. He also called for joint efforts through platforms like the World Steel Association to promote the self-disciplined and orderly development of the steel industry.
Ahmed Ezz expressed admiration for the operational performance achieved by China Baowu in actively responding to the challenging situation in the steel industry. He introduced the situation of the steel industry in Egypt and surrounding regions and countries, as well as the development of EZZ Steel Company. He said that China Baowu possesses rich experience in management, technology, and project construction, and he hopes both sides can strengthen cooperation to assist EZZ Steel Company in promoting the transformation and upgrading of its products towards higher-end directions.
In the afternoon of the same day, Hu Wangming visited the Chinese Embassy in Egypt.
Relevant heads from the Group's Overseas Business Development Department and Sinosteel International participated in the related activities.
On the morning of March 26 local time, China Baowu Chairman Hu Wangming met with Kamal Beshay, Chairman of Egypt's Beshay Steel Plant, in Cairo. The two sides held in-depth exchanges on deepening China-Egypt cooperation in the steel sector and expanding industrial chain collaboration.
Hu Wangming introduced the recent operational and development situation of China Baowu, focusing on the achievements of its international development. He expressed appreciation for Beshay Steel Plant's leading position in the Egyptian and Middle Eastern steel markets. He stated that he looks forward to building a practical cooperation platform in areas such as engineering technology and equipment, and resource supply.
Kamal Beshay introduced the development history of Beshay and its subsequent investment plans. He expressed hope to explore cooperation based on the respective strengths of both sides, promote project implementation, and achieve mutual benefit, win-win results, and common development.
Relevant heads from the Group's Overseas Business Development Department and Sinosteel International participated in the meeting.
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