The signing ceremony of cooperation between CITIC Electromechanical Manufacturing Company and Shaanxi Fast Group was held at the Sheraton Xi'an Hotel. Governor Yuan Chunqing met with Kong Dan, chairman of CITIC Group. Vice Governor Wu Dengchang accompanied him and attended the signing ceremony.
CITIC Machinery & Electric Manufacturing Co., Ltd. is a wholly-owned subsidiary of China National CITIC Group, which is managed by the Ministry of Finance. Based on the needs of industrial restructuring, it will affiliate its subsidiaries Zhongxin Electromechanical Axle Co., Ltd., CITIC Machinery & Electric Manufacturing Co., Ltd. Forging Plant, Stamping Plant, etc. The overall transfer to Shaanxi Fast Group Corporation management. Through this restructuring and cooperation, the three companies transferred can rely on Fast's products, markets, brands, scale and management advantages to achieve new development goals. The strength of Shaanxi Fast Group will also be further enhanced.
At the signing ceremony, Wu Dengchang, deputy general manager of CITIC Group Wang Xi, spoke on behalf of the Shaanxi Provincial Government and CITIC Group respectively. Meng Xianli, general manager of CITIC Machinery Manufacturing Co., Ltd., and Li Dakai, chairman and general manager of Shaanxi Fast Group, signed a cooperation agreement on behalf of both parties.
When meeting with Kong Dan, Yuan Chunqing first congratulated the successful signing of the cooperation signing ceremony between CITIC Electromechanical Manufacturing Company and Shaanxi Fast Group. He pointed out that CITIC Group is a symbol of the country’s reform and opening up and has a presence in the banking and securities industries. The strong strength has long maintained a good cooperative relationship with Shaanxi and given Shaanxi great support in the financial and hotel services industries. Shaanxi Fast Group Co., Ltd. is China's largest heavy-duty transmission production base and gear export base, with all indicators ranked first in the national gear industry for six consecutive years, and heavy-duty vehicle transmission production and sales ranked first in the world, leading products heavy-duty double countershafts The transmission has an 86% market share of domestic heavy vehicles and is an excellent representative of Shaanxi state-owned enterprises. This cooperation will help the Fast Group to further build its core competitiveness, expand its product scale, and achieve greater and stronger development goals. Yuan Chunqing also briefed the guests on Shaanxi's earthquake relief and economic and social development in recent years. He hoped that CITIC Group could further strengthen and deepen cooperation with Shaanxi to realize mutual benefit and common development.
Kong Dan briefly introduced the development situation of CITIC Group and believed that the cooperation and reorganization with Shaanxi Fast Group will help CITIC Group to highlight its main business operations and develop and expand the financial industry, indicating that it will continue to provide Shaanxi enterprises with funds and financing, etc. We strongly support and hope that this cooperation will enable Shaanxi Fast Group to develop faster and better.
Accompanied by the provincial government's secretary-general Qin Zheng, the provincial SASAC, the head of the Shaanxi Fast Group, and others.
View related topics: Fast: Heavy-duty transmission production and sales in the world