Xu Weihui, General Manager of Sinochem International and Jia Yongming, Chairman of Shanxi Yaxin Group signed a joint venture agreement on behalf of Sinochem and Yaxin respectively on February 15.
Sinochem International is the largest coke exporter in China and its export of coke makes up over 10% of China’s total. Shanxi Yaxin Group is a core supplier of coke for Sinochem International. With leading technologies, quality assets, rich resources and low cost, Yaxin Group is listed by the State-owned Assets Supervision and Administration Commission as a company meeting the coke industry access qualification. The latest strategic alliance between the two will strengthen their cooperation and makes Yaxin the long-term coke supplier of leading international iron & steel conglomerates.
In recent years based on strong distribution and logistics capacity, Sinochem International has been committed to upstream and downstream expansion. Its cooperation with Shanxi Yaxin Group marks another solid step of building the industrial chain integrating production, supply and marketing.