Work group together to create a strong Sandvik venture

In May 31, 2016, workers group Ji'nan Heavy Machinery Co Ltd (hereinafter referred to as "paper machine") leader and field of mining equipment, Sant Vic, signed an agreement in Shandong city of Ji'nan Province, jointly set up a joint venture enterprise, focusing on the market for the end to provide rock equipment and underground mining equipment.

The joint venture will make full use of the equipment in the field of Sandvik rock products and technology, and the advantages of Lingong heavy machine in technology and in the end end of the operation of the market, the market for Chinese, other countries and the area of Luke non other countries, provide ore equipment, including open-pit drill, underground scrapers, mine etc. four series of products.

The joint venture will establish independent R & D, procurement, assembly, sales and service institutions and will operate under an independent brand. The joint venture will be put into operation in the second half of 2016. It plans to develop into the leading supplier of rock and mineral equipment in China in five years and provide products for the world's leading mid-range market.

Through this contract, also to the long-term partners and customers to transfer paper heavy machine through continuous innovation, with reliable products and services, to provide a full set of equipment for mine mining solution "which is a major industrial layout.

At the signing ceremony, Lingong Group Chairman Mr. Wang Zhizhong said: "Sant Vic is a multinational company outstanding, has a leading position in the world outstanding rock products and technology, and to the group of workers, to become a strategic partner, is undoubtedly a milepost Lingong group development history, I am full of confidence in the joint venture the future of the project."