Ningshing Special-Steel Group and Jiangsu Hengli Machine Tool Co., Ltd. start the Strategic Cooperation

In 2017, Ningshing Special-Steel Group Co. Ltd. and Jiangsu Hengli Machine Tool Co., Ltd. Which is a National High-Tech Enterprise, jointly invested and successfully developed the CNC Circular Sawing and Milling Machines. In order to further give play to the advantages, extend the industrial chain and jointly build a leading enterprise in intelligent high-end equipment manufacturing industry, the two parties reached consensus to carry out new and more comprehensive strategic cooperation.

In the morning of August 15, 2020, the strategic cooperation kick-off meeting between Ningshing Special-Steel and Jiangsu Hengli was held in Jiangsu Hengli Machine Tool. President Mr. Huang Yongzeng of Ningshing Holdings, the chairman Mr. Wang Wentong of Ningshing Special-Steel, the Deputy GM Mr. Chen Yaning of Ningshing Special-Steel and the chairman Mr.Zhong Qiu of Jiangsu Hengli Machine Tools attended the meeting. Meanwhile, more than 50 people of senior management team and staff representatives from Hengli Machine Tool and Ningshing Hengli also attended this meeting.

Zhong Qiu, the chairman of Hengli Machine tool and Wang Wentong, the chairman of Ningshing Special-Steel, made important speeches on behalf of both parties. Chairman Zhong pointed out that this strategic cooperation is a milestone in the development history of Hengli. He expounded the necessity and urgency of bilateral cooperation and put forward the hope for the newly formed management team. Chairman Wang proposed the foundation of cooperation with Hengli and the development goals and prospects for the next 3-5 years. He also deployed several tasks that need to be completed in the near future and called on everyone to complete the first phase of work under the leadership of the new management team, so as to lay a solid foundation for the next restructuring.

This strategic cooperation initiation meeting is a milestone in the pursuit of development and win-win cooperation between Ningshing Special-Steel and Hengli Machine Tool. The meeting further clarified the goal, unified the idea and planned the path, which is a mode innovation of strategic cooperation.