On January 4^th, Zhenjiang Erzhong Gang Fa Gang Wu Co., Ltd. was officially founded, which was the joint venture of Zhenjiang Company, one of the manufacturing bases of SINOMACH-HE, and Zhenjiang Port Development Group Co., Ltd. The presidents of both companies signed the shareholders’ agreement and delivered speeches. 

The founding of this joint venture was not only an important step for Zhenjiang Company to make full use of its port resources and advance the diversified development of its industry, but also an attempt for both parties to integrate the operation resources of the regional shoreline wharf and focus on expanding their brands in the complementation of mutual advantages.

The meeting was held to produce the first term of board of directors and the first term of board of supervisors, where the shareholders’agreement, the regulations of the joint venture and relevant rules were also passed.