On January 6, Shenghong Holding Group signed a strategic cooperation agreement with China National Machinery Industry Instrument and Meter Group Co., Ltd. (referred to as "Sinomach Instrument Group"). The two sides will work together to deepen cooperation in areas such as supply chain security assurance, refined cost optimization, and technological collaborative innovation, jointly empowering the high-quality development of both parties. Zhou Kaiquan, Deputy Secretary of the Party Committee and General Manager of China National Machinery Industry Group, and Miao Hangen, Party Secretary and Chairman of Shenghong Holding Group, attended the signing ceremony.
Shenghong Holding Group and Sinomach Group have a solid foundation for cooperation. Up to now, Shenghong has business dealings with the nine main subsidiaries under Sinomach Group. Among them, it has collaborated with Sinomach Instrument Group in the fields of instruments, meters, and automatic control systems.
Sinomach Instrument & Meter Group is a wholly-owned subsidiary of Sinomach Group. As the 'national team' of the instrument and meter industry, Sinomach Instrument & Meter Group possesses a complete industrial chain layout, from the R&D of core components to intelligent system integration. Its strategic positioning of 'serving the country's new-type industrialization' is highly compatible with the industrial upgrade needs of Shenghong Holding Group.
The signing of this strategic cooperation agreement will help both parties achieve complementary advantages and pragmatic win-win outcomes. Shenghong Holding Group will join hands with Sinomach Instrument Group to jointly overcome the industry's 'bottleneck' technologies, improve the localization rate and safety level of key instruments and meters in core devices, ensure the independent and controllable supply chain, and build competitive advantage barriers.
