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Sinomach inks $1.9b import procurement deals at CIIE

(sinomach.com.cn)

2021-11-12

The signing ceremony of Sinomach Trading Sub-group at the fourth China International Import Expo (CIIE) was held on November 6 in Shanghai. Sinomach signed 11 import procurement contracts with 11 partners covering high-end equipment, imported automobiles, service, bulk commodities and food and agricultural products, with a total contract value of 1.89 billion US dollars.

Sinomach, a leading central enterprise in import purchasing, has continued to "develop its strengths to serve the country", and to work with partners from all over the world to energize industrial upgrading and structural optimization of the equipment manufacturing industry. It has introduced a large number of high-end equipment products with a total import and export volume of 192.7 billion US dollars, including 88.6 billion dollars in import purchases.

The company has signed 61 contracts worth nearly 17 billion US dollars since the first expo. With the joint efforts of all parties involved, the signed cooperation agreements have made smooth progress and led to win-win results.

Achieving China's "dual carbon" goals and low-carbon concept

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Sinomach subsidiary SUMEC Machinery & Electric Co Ltd and Rolls-Royce Power System Co Ltd, a world-class power solutions provider, sign a purchasing framework agreement on November 6, to import high quality and low emission diesel engines and complete power generators, delivering greener energy to China's high-end equipment manufacturing. The two sides will also intensify cooperation in natural gas and biomass gas to provide clean energy for the building of a green and low-carbon society. [Photo/Sinomach]

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To help domestic industrial enterprises promote energy reform and move closer to the zero-carbon goal, Sinomach takes the lead by launching the Shanxi Industrial Carbon Neutrality Research Institute Project on November 6. [Photo/Sinomach]

Introducing advanced high-end equipment

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Sinomach subsidiary SUMEC International Technology Co Ltd works with Murata Machinery Ltd to import leading-edge vortex spinners and automatic winders on November 6 to promote the transformation and upgrading of the spinning industry. [Photo/Sinomach]

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Sinomach subsidiary SUMEC International Technology Co Ltd signs an equipment purchase agreement with BOPET/BOPP/BOPA film production lines on November 6 to help manufacturers increase production capacity and reduce costs, improving energy efficiency and the use of raw materials. [Photo/Sinomach]

Stabilizing industrial and supply chains

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Sinomach affiliate China CTEXIC Corporation signs a cotton yarn purchase agreement with India and Pakistan partners on November 6 to further stabilize the cotton textile industry chain. [Photo/Sinomach]

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Subordinate companies of Sinomach affiliate SUMEC Group Corporation sign agreements on the import of manganese ore, iron ore and coal on November 6 to help ensure supply and price stability for bulk commodities. [Photo/Sinomach]

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Sinomach subsidiary China CAMC Engineering Co Ltd signs a cooperation agreement on beef imports with the Minsk Regional Executive Committee on November 6. [Photo/Sinomach]

In addition, Sinomach has cooperated with the Minsk Regional Executive Committee on beef imports which are expected to reach 4,000 tons per year. The company also renewed a five-year vehicle import and sales agreement with Aston Martin, an iconic luxury British sports car manufacturer to further bilateral cooperation.

As one of the most important partners of the CIIE, Sinomach invited 19 exhibitors to the Technical Equipment Exhibition Area at this year's event. In addition, a partner of CIIE, SUMEC DATIANXIA, an online global trading service platform for equipment established by Sinomach subsidiary SUMEC International Technology Co, will invite its overseas high-end equipment manufacturing agents to participate in the next CIIE, and also guide professional buyers to sign purchase contracts.

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