On April 18, Industrial Fulian and Innovation New Materials jointly signed the “Strategic Cooperation Agreement” in Shenzhen, the two sides will carry out comprehensive strategic cooperation in the fields of 3C consumer electronics profile research and development, intelligent manufacturing and digital transformation, and signed a joint venture company to focus on waste aluminum recycling and jointly promote the green and low-carbon development of the industry. Zheng Hongmeng, chairman of Industrial Fulian, and Cui Lixin, chairman of Innovation New Materials, led executives of the two companies to attend the signing ceremony.

PM861AK01 3BSE018157R1 Cui Lixin, chairman of Innovative New Materials, and Zheng Hongmeng, chairman of Industrial Fulian

Signed a strategic cooperation agreement

Industrial Fulian is the world’s leading high-end intelligent manufacturing and industrial Internet service provider, ranking second in the electronic manufacturing service industry. Innovation New Material is one of the largest aluminum alloy material manufacturers in China, and its products are widely used in 3C consumer electronics, automotive lightweight, construction industry and new energy and other fields. The two sides have maintained close cooperative relations for a long time, and the signing of this strategic agreement marks a new level of cooperation between the two sides.

According to the agreement, in terms of 3C consumer electronics profiles, Industrial Fulian and innovative new materials will jointly develop new materials, continue to expand global market share through technological innovation and market expansion, and meet customer demand for high-quality products. The two sides will share market information, technical resources and production experience to reduce costs and improve production efficiency.

In terms of intelligent manufacturing and digital transformation, Industrial Fulian combined with its technical capabilities has provided lean manufacturing consulting and digital system development services for several of the plants of Innovator New Materials, and developed an industry-leading manufacturing management operation system (MOM), which has brought significant cost and efficiency improvements. The two sides will leverage their respective strengths to deepen cooperation in smart manufacturing and digital transformation.

PM861AK01 3BSE018157R1

In terms of green manufacturing, the two sides will establish a joint venture company to build aluminum scrap recycling production lines on the basis of existing plants with innovative new materials, in order to efficiently recycle and reduce carbon emissions, and promote the green and low-carbon development of the industry. The two sides will jointly develop recycling standards and quality requirements, establish an effective logistics system, ensure the efficient operation of waste collection, transportation and treatment, and ensure the rational use of resources. At the same time, strengthen cooperation and exchanges with relevant industry organizations to jointly promote the sustainable development of the industry.

PM861AK01 3BSE018157R1 Cui Lixin, chairman of Innovation New Materials, said that as a participant in the 3C industry, Innovation new Materials has the responsibility and obligation to contribute to the green development of the industry, and hopes to further deepen the cooperation between the two sides through the signing of a strategic cooperation agreement with Industrial Fulian, jointly promote the circular economy and green development of the aluminum raw material industry chain, and contribute to the industry and the national dual carbon strategy.

Zheng Hongmeng, chairman of Industrial Fulian, said that Industrial Fulian and innovative new materials have long had a good foundation for cooperation, and the two sides are mutually beneficial and win-win in cooperation, sharing opportunities in innovation, and achieving each other in growth. The strategic cooperation reached this time marks a new level of cooperation between the two sides. With the profound accumulation and unique advantages of the two sides in their respective fields, we believe that we can create a better future that is more in line with the expectations of shareholders.