On September 2, Jiangsu Shagang Group and Jiamusi Electric Machine signed a strategic cooperation agreement. Under the deal, the two parties will collaborate in resources and market cooperation, technology development and application, information sharing, business and logistics management, and so forth.

Hancheng Liu, General Manager and Director at Jiamusi Electric Machine, said that the two enterprises’ main products and fields of expertise are different, but they can share their management experience with each other.