Sinomach secures $2.6 billion in new deals at CIIE
(sinomach.com.cn)
2024-11-07Sinomach signed 20 cooperation agreements totaling an estimated $2.6 billion at the China International Import Expo (CIIE) in Shanghai on November 6.
The signing ceremony of Sinomach at the CIIE [Photo/Sinomach]
In high-end equipment procurement, Sinomach finalized a number of agreements with leading global suppliers, including GE Vernova, Germany's Brückner Maschinenbau, Japan's Murata Machinery and TMT Machinery. The agreements encompass advanced machinery for sectors like gas turbines, light industry, textile, metallurgy and semiconductors, all aimed at fostering intelligent, high-end and green development in China's manufacturing industry.
In bulk trade, the group secured contracts for essential commodities like iron ore, coal and feed wheat flour. In agriculture, it partnered with Brazil's Mato Grosso Soybean and Corn Producers Association (Aprosoja) and a cooperative of Brazilian soybean and corn producers, signing a memorandum of understanding on agricultural machinery and food exchange cooperation to drive agricultural modernization. The group also introduced the Ineos automotive brand to China as its exclusive importer and signed a framework agreement with Stellantis (Shanghai) to promote Jeep and Alfa Romeo, bringing more international automotive options to Chinese consumers.
In technical cooperation, the group reached an agreement with Schneider Electric to collaborate on rural modernization and new industrialization, supporting high-quality, sustainable development across China's manufacturing, agriculture and digital sectors.
Over its seven years of participation in the CIIE, Sinomach has signed more than 120 agreements worth a total of nearly $24 billion, spanning crucial areas like advanced technology, automotive, high-end components, food and agricultural products, bulk commodities, and service trade.
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