(Egypt, November 15, 2023) - In this beautiful season of refreshing autumn and abundant fruits, Shanghai Shengxuan Construction Engineering Co., Ltd. (hereinafter referred to as "Shanghai Shengxuan") and China Chaoye Group (hereinafter referred to as "Chaoye Group") jointly signed a cooperation agreement with milestone significance in Egypt. According to the agreement, Chaoye Group intends to invest in the 40 ton steelmaking project of Shanghai Shengxuan Egypt BIANCO Company, jointly promoting the upgrading of the steel industry and creating a new chapter of win-win cooperation. The signing of this agreement not only marks the deepening of strategic cooperation between the two parties, but also injects strong impetus into the future development of Shanghai Shengxuan Egypt BIANCO company.
Mr. He Xing, General Manager of Chaoye Group, personally went to Egypt to conduct on-site inspections of the 40 ton steelmaking project of Shanghai Shengxuan Egypt BIANCO Company. At the project site, General Manager He Xing had a detailed understanding of the construction progress, technical equipment, and market prospects of the project, and highly praised Shanghai Shengxuan's achievements in project management, technological innovation, and market expansion. He said, "The 40 ton steelmaking project of Shanghai Shengxuan Egypt BIANCO Company is not only technologically advanced and well-equipped, but also has broad market prospects. It is an investment area that the government and opposition groups are very optimistic about. We look forward to participating in this project and jointly promoting the upgrading and development of the steel industry
Subsequently, General Manager He Xing had in-depth and friendly talks with Mr. Zhou Zhiwei, Chairman of Shanghai Shengxuan Construction Engineering Co., Ltd. During the meeting, both sides had extensive and in-depth discussions on the specific content of cooperation, investment methods, and future development plans. Chairman Zhou Zhiwei stated, "As a well-known enterprise in China, we highly value the professional capabilities and rich experience of Asahi Group in the investment field. The intention of Asahi Group to invest in our 40 ton steelmaking project is not only a recognition of our project, but also a strong support for our future development. We look forward to working together with Asahi Group to write a new chapter in the steel industry
During the meeting, both parties had in-depth discussions on the implementation details, funding arrangements, and cooperation mechanisms of the project, and reached multiple consensuses. General Manager He Xing stated, "Chaoye Group will spare no effort to ensure timely investment funds and actively coordinate resources from all parties to provide comprehensive support for the smooth implementation of the project. We believe that with the joint efforts of both parties, the 40 ton steelmaking project of Shanghai Shengxuan Egypt BIANCO Company will definitely achieve complete success
The signing of this agreement not only injects new vitality into the 40 ton steelmaking project of Shanghai Shengxuan Egypt BIANCO Company, but also lays a solid foundation for future in-depth cooperation between the two parties. Shanghai Shengxuan will fully leverage its advantages in project management, technological innovation, and market expansion, and work together with Chaoye Group to promote the rapid development of the project and achieve the goal of mutual benefit and win-win.
In the future, Shanghai Shengxuan and China Chaoye Group will continue to maintain close communication and cooperation, actively explore new business areas and cooperation models, and jointly promote the transformation, upgrading, and sustainable development of the steel industry. We hope that with the joint efforts of both parties, the 40 ton steelmaking project of Shanghai Shengxuan Egypt BIANCO Company will become a new highlight of the steel industry in Egypt and even globally, contributing new strength to the development of the steel industry.