Shanghai Electric Inks Strategic Cooperation Agreement with SKF

Leng Weiqing, Chairman of Shanghai Electric Group, who presented at the ceremony alongside Vice President Jin Xiaolong, signed the agreement.

SKF is a world-leading manufacturer and supplier of bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, condition monitoring systems and related services.

The partnership will allow the two companies to benefit from Shanghai Electric's rich experience in infrastructure construction as well as SKF's comprehensive global supply chain and innovation capacity to boost their R&D capacity, leveraging the combined strength of both companies to enhance their competitive advantages and boost business value.

China's largest import trade fair, CIIE 2021, held from November 5-10, was the fourth edition that Shanghai Electric attended, which also saw the company inking more than 10 import procurement contracts and framework agreements with global companies during the six-day event, with the total value of the deals exceeding 1.7 billion RMB.

"CIIE is a fast and efficient matchmaking platform for multinational companies to find the golden key to open the gate to China's market, as well as a window for global businesses to establish in-depth communication channels with Chinese customers. On this platform, Shanghai Electric hopes to seek new partners and create more win-win cooperation opportunities with world-leading enterprises," said Jin Xiaolong.