On July 25, Ansteel Group Corporation and China Railway Construction Corporation Limited (hereinafter referred to as “CRCC”) signed strategic cooperation frame agreement. The two parties will strengthen strategic cooperation in the development and utilization of steel product category, engineering project, design promotion, overseas project and real estate project, establish multi-industry strategic cooperation partnership, form a strong alliance between engineering construction enterprise and steel enterprise and finally realize complementary advantages and win-win cooperation.
 

    CRCC is one of the most powerful and largest integrated construction groups inChina, even in the world. Its business covers project contracting, survey design consultation, industrial manufacturing, real estate development, capital operation, mineral resource exploitation, material and logistics. It has a complete industrial chain integrated with scientific research, planning, survey, design, construction, supervision, maintenance, operation, investment and financing etc., which enables CRCC to provide its clients one-stop integrated services. Apart from Taiwan, Its business spreads 31 provinces (cities), autonomous regions, Hong Kong and Macao Special Administrative Region in China and more than 70 countries and regions in the world. CRCC ranked the 80th place in 500 Largest Global Corporations issued by Fortune Magazine.

    As the large-scale central enterprises directly managed by State-owned Assets Supervision and Administration Commission of the State Council, both Ansteel Group and CRCC play an important role in national economic development, are in the leading position in respective industries and have a good cooperation foundation. Over years, Ansteel Group and CRCC have been strengthening business contact, joining hands to extend overseas market and formed a stable and friendly partnership.

    According to the agreement, the two parties will further make full play of respective advantages, improve core competitiveness and regard each other as their important customers. Under the same conditions, the two parties will give high priority to select the products and service of the other party; efficiently utilize the advantageous resources of the two parties, promote win-win and common development and deepen the cooperation in the development and utilization of steel product category, promoting engineering project cooperation, extending design cooperation, spreading overseas project cooperation and developing real estate projects together. Meanwhile, the two parties will establish high-level leader exchange visit mechanism, establish talent cultivation and exchange mechanism for international business development, set up periodical exchange mechanism of development situation and strategic planning information between two parties, exchange international management and market information in regular interval, learn from each other for good international management experience and finally realize common development.