A few days ago, CITIC Dicastal and UACJ, Japan's largest integrated aluminum manufacturer, held a signing ceremony for a joint venture project in Nagoya, Japan. According to the agreement, the two parties will jointly build a green and intelligent production line of aluminum alloy parts for new energy vehicles. Vice Chairman and General Manager Wang Jiong of CITIC Group attended the ceremony and delivered a speech. Japan's UACJ president Miyuki Ishihara attended the ceremony.
General Manager Wang Jiong said at the ceremony that the signing of the joint venture agreement between CITIC Dicastal and UACJ signifies that the cooperation between the two parties has achieved substantial progress. CITIC Group will continue to support and promote the construction and development of joint venture projects. There are major changes in the current global economic situation. Opportunities and challenges co-exist. I hope that CITIC Dicastal and UACJ will seize the opportunities, learn from each other, share resources, and achieve mutual benefits and win-win results, enhance development capabilities and levels, and jointly meet the challenges. It is hoped that the three parties can innovate together, deploy their respective advantages on a platform through joint venture projects, create new value, become a new model of Sino-Japanese business cooperation, and become a new bridge for economic, social and cultural exchanges between China and Japan.
General Manager Wang Jiong expressed his high agreement with UACJ's "3M" concept (Man, Machine, Material), and hoped that the "3M" concept could be applied to future joint venture projects and reached a new level on the existing basis. He also expressed the hope that CITIC Dicastal will be able to shift from high-speed development to high-quality development through joint venture projects in the past; he hoped that the joint venture company will start production as soon as possible according to the established goals, develop new products, provide customers with quality products and services, and enhance market competition force.