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COMAC signs Framework Strategic Cooperation Agreement with Baowu Steel

Last Updated (Beijing Time):2019-04-12   Source:News Center of COMAC
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Site of signing ceremony.


Mr. He Dongfeng, Secretary of the Party Committee and Chairman of Commercial Aircraft Corporation of China, Ltd. (COMAC), and Mr. Zhao Yuerang, Deputy Secretary of the Party Committee and President of COMAC, met with Mr. Chen Derong, Secretary of the Party Committee and Chairman of China Baowu Steel Group Corporation Limited (Baowu Steel), Mr. Hu Wangming, Deputy Secretary of the Party Committee and President of Baowu Steel, and their delegation on April 12th, 2019. Both sides exchanged ideas on the issues of common interest, and renewed a Framework Strategic Cooperation Agreement. Mr. Cheng Fubo, Member of Standing Committee of the Party Committee and Vice President of COMAC, presided over the signing ceremony. Mr. Zhang Jingang, Vice President of Baowu Steel, attended the ceremony.

Mr. He Dongfeng expressed gratitude to Baowu Steel for its long-term and generous support to COMAC. He expressed that COMAC has made useful exploration in the research and development of the three aircraft programs, basic competency building and industry development driving since its establishment. He hoped that both sides could further consolidate the favorable strategic partnership, strengthen communication and cooperation, develop new cooperation, and comprehensively implement new development concepts to jointly promote the sound and steady development of China-made commercial aircraft industry.

Mr. Chen Derong congratulated COMAC on its achievements. He pointed out that Baowu Steel and COMAC shared a common responsibility and mission, and hoped that both sides could further strengthen cooperation, continuously promote the implementation of the Framework Strategic Cooperation Agreement, actively explore new modes, and strive to achieve a win-win situation.

According to the agreement, COMAC and Baowu Steel would develop all-round cooperation in the fields of civil aviation materials, industrial chain, industrial financing, industrial service, personnel exchange and information sharing, consolidate and expand the strategic advantages of both sides in their respective fields, and achieve a win-win situation by joint effort.

Officers of Baowu Steel and relevant departments and units of COMAC attended the ceremony.

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