"We Achieve Mutual Success with Gansu Enterprises"

Deep News
Yesterday

"Old friends bring new cooperation!" "In China's push for high-level openness, we and Gansu enterprises achieve mutual success." "Our collaboration will undoubtedly grow broader and deeper!"

On November 5, the first day of the 8th China International Import Expo (CIIE), Jinchuan Group signed a $1 billion copper concentrate procurement order with BHP, while Tianshui Huatian Electronics Group inked a $50 million deal for semiconductor packaging equipment with ASMPT (Advanced Semiconductor Materials) Group. At the moment of exchanging agreement texts, both sides praised the opportunities brought by China's expanding openness and expressed confidence in future cooperation.

What does "old friends" mean? Wen Bin, Party Secretary and Deputy General Manager of Jinchuan Group's Marketing Company, explained: "Jinchuan Group and BHP have collaborated for over 40 years. Take the CIIE as an example—this is our second signing at the expo, with a record-high contract value."

Why has this "old friendship" remained stable and enduring? Wen Bin noted that China is a crucial consumer market for non-ferrous metals, while BHP is a leading multinational in global mineral resources. This reality makes China a vital market for BHP. In recent years, Jinchuan Group has deepened state-owned enterprise reforms, intensified technological innovation, and accelerated high-quality development to build itself into a world-class non-ferrous metals enterprise. This has made Jinchuan a key client for BHP, expanding cooperation from raw materials to process technology and creating vast opportunities for BHP's growth.

It is reported that Jinchuan Group has participated in all eight editions of the CIIE, with cumulative contract values reaching approximately $8.5 billion.

A BHP representative stated that the company is committed to providing robust resource support for global economic growth and energy transition. This signing marks a new level of cooperation in mineral resources, further solidifying the partnership. Particularly under China's high-level openness, both sides will jointly promote high-quality development in industrial and supply chains.

At the CIIE, ASMPT also met its "old friend" from Gansu—Tianshui Huatian Electronics Group.

"Our collaboration with Tianshui Huatian spans over 20 years, with major orders almost every year—a true old friendship," said Xue Hanchen, ASMPT's Sales Vice President and Chief Commercial Officer for China. He added that Tianshui Huatian is a top-tier semiconductor packaging and testing enterprise in China, and their long-term cooperation represents standing on the shoulders of giants to achieve self-transcendence.

Xue emphasized that their partnership thrives on China's policies of high-level openness and its vast market advantages. In Gansu, the continuously improving business environment and the semiconductor industry's momentum inspire confidence. Moving forward, ASMPT will increase its investment in the Chinese market, enhance product quality and service, and better serve key clients like Tianshui Huatian, achieving win-win outcomes through mutual success with Chinese partners.

The more open, the more dynamic, the more developed. From the banks of the Yellow River to the shores of the Huangpu River, Gansu and global businesses gather again at the CIIE, writing an increasingly remarkable story of high-quality development driven by high-level openness.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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