Chongqing Iron and Steel to create southwestern intelligent manufacturing plant with Siyuanhe
2019-08-13 17:53:55 [Print]
Chongqing Iron and Steel announced on late August 11 that, in order to speed up the promotion of intelligent manufacturing projects, Chongqing Iron & Steel proposed to establish a joint venture company with Siyuanhe Intelligent Manufacturing Fund (to be established) to carry out intelligent manufacturing related cooperation. With Chongqing Iron & Steel as the first model of application, intelligent upgrading and transformation will be gradually implemented based on the existing automatic and information-based production, and a comprehensive automatic, digital, modeled, visualized and integrated intelligent manufacturing system will be finally built, with a view to shaping Chongqing Iron & Steel into a model enterprise of intelligent manufacturing plant in southwest China.
The announcement shows that the proposed registered capital for the joint venture company is RMB5 million (USD707,965) and the ratio of contribution is 1:1 for Chongqing Iron and Steel and Siyuanhe Intelligent Manufacturing in cash. Scope of business for the joint venture company includes technological research, development and transfer of results, scientific and technological information consulting services, information technology services, data processing and storage services, engineering management services, etc.
The announcement shows that the proposed registered capital for the joint venture company is RMB5 million (USD707,965) and the ratio of contribution is 1:1 for Chongqing Iron and Steel and Siyuanhe Intelligent Manufacturing in cash. Scope of business for the joint venture company includes technological research, development and transfer of results, scientific and technological information consulting services, information technology services, data processing and storage services, engineering management services, etc.
