en.Wedoany.com Reported - China Shanxi Construction Investment Group International Construction Company (referred to as "Shanxi Construction Investment International Construction Company") and Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (referred to as "Oriental Yuhong", 002271.SZ) recently signed a strategic cooperation agreement at the Oriental Yuhong headquarters R&D base. Dang Xiangrong, Head of the Overseas Department of Shanxi Construction Investment Group, Secretary of the Party Committee and Chairman of the International Construction Company, led a team to visit and exchange ideas at the Oriental Yuhong headquarters, holding discussions. Wang Wenping, President of Oriental Yuhong Overseas Development Group, attended the discussions.
Headquartered in Taiyuan City, Shanxi Province, Shanxi Construction Investment Group is a major construction enterprise group in China, establishing an overseas development pattern of "one body with two wings," with international engineering contracting as the main body and international investment and international trade as the two wings for coordinated development. Headquartered in Beijing and founded in 1995, Oriental Yuhong is a leading building materials system service provider in China, focusing on the core waterproof business, with operations covering R&D, production, sales, and services in an integrated building materials system.
According to the agreement, the two parties will focus on overseas market expansion, supply chain collaboration, and technology empowerment cooperation, establishing a long-term and stable cooperation platform for key projects such as overseas industrial parks, mining construction projects, and infrastructure supporting facilities, continuously exploring overseas cooperation potential. Specific cooperation dimensions include the implementation of overseas infrastructure projects, building materials system service support, cross-border supply chain construction, technology R&D collaboration, and talent exchange empowerment, aiming for mutual empowerment and joint overseas expansion, comprehensively enhancing the comprehensive competitiveness and brand influence of both parties in the international infrastructure market.
The signing of this strategic cooperation is an important measure for Shanxi Construction Investment Group and Oriental Yuhong to respond to the Chinese enterprise "going global" strategy and deepen international operations. The two parties will leverage their respective professional advantages in engineering construction and building materials to form synergistic effects in the infrastructure construction of countries and regions along the "Belt and Road," jointly exploring overseas incremental markets.
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