Guo Wenqing met with Wang Min, Chairman of XCMG

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　　On October 9, Guo Wenqing, General Manager and Deputy Secretary of the Party Group of China Minmetals, and concurrently Chairman of MCC, met with Wang Min, Chairman and Party Secretary of Xuzhou Construction Machinery Group Co., Ltd. (XCMG) and his delegation. The two sides had in-depth and friendly exchanges on further strengthening cooperation.

　　Guo Wenqing welcomed Wang Min and his delegation, thanked XCMG for its long-term strong support to China Minmetals and MCC, and briefly introduced the development history of the two Fortune Global 500 enterprises - China Minmetals and MCC, and the development achievements since the strategic recombination. Guo Wenqing mentioned that China Minmetals, established in 1950, has transformed and developed into an industrial group with metal minerals as its core business from a single foreign trade enterprise. MCC, established in 1948, is a veritable national team of metallurgical construction because it has undertaken the planning, survey, design and construction of almost all the major production facilities of large and medium-sized steel enterprises in China. After the recombination of the two enterprises in December 2015, under the guidance of the strategic goal of 'quadrupling in three steps', China Minmetals adopted a series of reform measures in a quiet way and has successfully completed the tasks of annual performance indicators. It continued to build and consolidate the 'four beams and eight columns' business system centering on metal mining, metallurgical construction, trade logistics, financial real estate, and constantly tapped the cooperation potential of '100 billion internal markets', taking the lead in opening up the whole industrial chain layout from resource acquisition, exploration, design, construction and operation to circulation and deep processing in the field of metal minerals. Currently, the assets under management reach RMB 2.16 trillion. The operating revenue exceeded RMB 600 billion in 2019, ranking 92nd among Fortune Global 500 enterprises.

　　Guo Wenqing stated that China Minmetals is currently taking the 'new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other' proposed by General Secretary Xi Jinping as the fundamental and target guidance to continuously improve the quality of corporate development. XCMG is committed to building a national brand and it is a highly valued partner of China Minmetals. It is hoped that both parties will fully combine the advantages of China Minmetals' domestic and overseas markets and logistics parks with those of XCMG's high-tech equipment in the common desire of deeply planting and carrying forward the national spirit and developing national brands, innovate the cooperation mode, stimulate endogenous vitality, and further help China Minmetals improve its production capacity, expand its production scale, reduce its production costs and achieve mutual benefit and win-win results on the basis of meeting the equipment needs of China Minmetals.

　　Wang Min expressed his gratitude for Guo Wenqing's warm reception, appreciated the development achievements made by China Minmetals in recent years, and highly agreed with Guo Wenqing's cooperation proposal. He pointed out that since XCMG was established in 1989 as a model of the national collectivization reform, it has always maintained first place in China's construction machinery industry for 31 years, adhering to the core values of 'shouldering great responsibilities, promoting development, and becoming a great instrument', and making every effort to become a world-class enterprise with global competitiveness. XCMG and China Minmetals have a solid foundation and deep friendship in technical and equipment cooperation. XCMG will continue to provide high-quality equipment and services, and send excellent teams to follow up the business needs and progress of China Minmetals to innovate and create in the front line, bring value into play in the front line, provide professional suggestions and solutions for China Minmetals, and help China Minmetals develop with high quality.

　　The two sides watched XCMG's promotional video together and had extensive and in-depth exchanges on topics of common concern.

　　Jiao Jian, Deputy General Manager and Party Group Member of China Minmetals, attended the meeting. Li Zong, Liu Jiansen, Chen Xiaomin, Ren Hua, Ling Yun and other relevant personnel of XCMG, as well as Wei Shuxiang, Zhang Mengxing, Chang Wei, Zhu Haitao, Yue Wenyan, Shao Bo, Wang Jicheng, Wang Xiaolei, Ang Yang, Zhang Song and other relevant heads of headquarters departments of China Minmetals and directly-managed enterprises of China Minmetals, attended the meeting.

　　Guo Wenqing is delivering a speech

　　Wang Min is delivering a speech

　　Scene of the meeting

　　Group photo of Guo Wenqing and Wang Min

　　Group photo of the meeting