Shandong Port Group and Trafigura Group jointly established Shangang Trafigura, aiming to provide customers with more valuable integrated supply chain services.
On November 15, Shangang Trafigura International Trading (Shandong) Co., LTD. (Shangang Trafigura), a joint venture between Shandong Port Group (referred to as Shandong Port) and Trafigura Group, was inaugurated in Qingdao.
Huo Gaoyuan, Secretary of the Party Committee and chairman of Shandong Port Group, and Wei Jiemin, CEO of Trafigura Group, jointly unveiled Shangang Trafigura Company.
It is understood that Trafigura Group, as the world's top 500 enterprises, is one of the world's well-known and influential supply chain enterprises, and is also one of the most important suppliers of crude oil, iron ore and non-ferrous metals in the Chinese market. Its resource layout covers 156 countries and regions around the world. In the world has a wealth of crude oil, natural gas, ore, non-ferrous metals and other commodities first-hand resources, while accumulating rich customer resources.
Shandong Port said that this is a strong combination of the world-class port and the world's top 500 enterprises, which will give full play to the advantages of the two sides in various fields, provide customers with more complete chain, more valuable and more dynamic supply chain comprehensive services, and inject strong momentum for the high-quality development of the regional economy.
In recent years, the cooperation areas between Shandong Port and Trafigura Group have been expanding and the pace of cooperation has been accelerating. Especially in the past year, the two sides have exchanged visits for many times, reached a series of fruitful consensus on the construction of supply chain system, port terminal operation, green carbon reduction and other aspects, and formed a profound friendship.
In order to further promote the two sides to accelerate the complementary advantages and resource sharing, integrate the high-end elements of the supply chain, enhance the upstream and downstream resource stickiness, promote the joint development of multi-cargo supply chain management service business as soon as possible, and provide all parties with world-class integrated supply chain service solutions, the two sides firmly determined to implement the cooperation results through the establishment of the joint venture company.
On November 1 this year, Shandong Port Trading Group and Trafigura Group Hong Kong Company set up a joint venture in Qingdao Free Trade Zone, with a registered capital of 1 billion yuan, and the first registered capital will be in place before November 30.
According to reports, Shangang Tok company set up, while developing business, to share resources to unite, empower the industry, and jointly explore a multi-cargo, all-round, multi-field trade cooperation path. At present, we have cooperated in the domestic purchase and sale of electrolytic copper and foreign trade and import of iron ore, and achieved the "opening of customers" in the year of establishment.
At present, relying on the advantages of ports, Shandong Port Trading Group has carried out 30 varieties of supply chain service business in the field of bulk commodities, established business cooperation relations with 17 provincial administrative units in China and enterprises in 13 prefectures and cities in Shandong Province, served more than 400 customers, and achieved a total operating income of 233.5 billion yuan, with an average annual growth of more than 150%. A total of more than 60 billion yuan of all-category credit support has been obtained, and the existing business foundation will provide an important guarantee for the implementation of the project.
The two sides said that after the establishment of the joint venture, they will further give play to their respective resource advantages, jointly build a comprehensive service channel for the commodity supply chain, comprehensively promote the deep linkage of multi-cargo first-hand resources and end customers, and enhance the comprehensive service capability of the supply chain. At the same time, deepen the cooperation path of "port + local platform + industry + enterprise", and promote the development of relevant supply chains, industrial chains and ecological chains at home and abroad.
At the meeting, Shangang Trafigura signed strategic cooperation agreements on account opening and credit granting with relevant bank partners, and signed strategic cooperation agreements with crude oil, oil and gas, metal minerals, and black energy partners, providing better services and strong support for the subsequent development of the new company, the smooth and stable global industrial chain and supply chain, and the construction of an open world economy.
