en.Wedoany.com Reported - Dimension News, July 4, 2026 – Sany Group Co., Ltd. ("Sany Group") and Xiamen ITG Group Corp., Ltd. ("ITG Group") officially signed a strategic cooperation agreement in Xiamen. ITG Group President Liu Zhitao and Sany Group Director and Chief Engineer Dai Qinghua witnessed the signing, while ITG Green Energy Head Lin Bingxiong and Sany Group President Assistant and Deputy General Manager of the Mining Complete Equipment Project Department Shi Xingxing signed the agreement on behalf of both parties. ITG Iron Ore Group General Manager Li Peng, ITG Qinen General Manager Ding Han, and other relevant business leaders attended the signing ceremony.

Headquartered in Changsha, Hunan Province, Sany Group is a leading construction machinery manufacturer in China, with a comprehensive business covering concrete machinery, excavator machinery, hoisting machinery, mining machinery, and new energy equipment. Sany Group owns several listed companies, including Sany Heavy Industry (600031.SH) and Sany International (00631.HK), with products sold to over 100 countries and regions worldwide. In recent years, Sany Group has accelerated the implementation of its three major strategies—"Globalization, Digitalization, and Low-Carbonization"—and has continuously expanded its presence in new energy equipment and intelligent mining solutions. Xiamen ITG Group Corp., Ltd. is a core member of Xiamen ITG Holding Group Co., Ltd., primarily engaged in supply chain management, real estate operations, and financial services. It possesses extensive global resources and channel networks in the trading of bulk commodities such as steel, iron ore, and energy.

According to the agreement, both parties will leverage their respective industrial advantages, focusing on the two core areas of photovoltaics and mining, to engage in deep cooperation across raw material supply, logistics distribution, project development, and financial support. In the photovoltaic sector, Sany Group's technical expertise in new energy equipment manufacturing complements ITG Group's resource advantages in bulk commodity trading and supply chain management. In the mining sector, Sany Group's manufacturing capabilities in heavy equipment such as mining excavators and mining trucks, combined with ITG Group's experience in raw material supply chains like iron ore, will help enhance the comprehensive competitiveness of both parties in the global mining market.

This strategic cooperation marks a joint effort by both parties to explore global markets and build a more resilient global industrial supply chain system. Sany Group's manufacturing advantages in construction machinery and new energy equipment, combined with ITG Group's channel advantages in global bulk commodity trading and supply chain management, will create a synergistic effect across the industrial chain from equipment manufacturing to raw material supply.