On October 14, Wu Hengzhu, President and General Manager (the general representative of POSCO China in the Chinese zone) of POSCO China and the delegation visited the Tongxiang headquarters of Huayou. Chen Hongliang, the group's president, enthusiastically received them on behalf of the company.
In the symposium, President Wu Hengzhu showed his congratulations to the achievements made by Huayou during "the 13th five-year period", and praised Huayou's strategic measures of making a layout in Indonesia to exploit the nickel resources, and fully create the integrated industrial chain of the new energy lithium-ion battery materials. President Wu Hengzhu pointed out that POSCO paid continuous attention to the development status and broad prospect of the new energy lithium power industry in China. The two joint venture companies jointly set up by Huayou and POSCO have yielded staged achievements during two years, which is inspiring and worth celebrating. He hoped that in the future, the two may strengthen exchanges, supplement advantages, keep deepening the cooperation, expand the cooperation fields, fully construct the new opportunities and new paths of cooperation and development of the new energy lithium power industry, and attain more cooperation achievements.
President Chen welcomed the visit of President Wu Hengzhu and the delegation, and showed thanks to the efforts of POSCO in the joint venture project. President Chen mentioned that the company is making great efforts to create the new energy lithium power industry eco-chain from Cobalt Nickel resource development, smelting processing, manufacturing of lithium power anode materials to resource recycling and utilization. Meanwhile, the group keeps intensifying the endogenous power of the enterprise by implementing the "product-leading and cost-leading" competition strategy. As the "14th five-year plan" approaches, Huayou hopes to continuously strengthen the cooperation with POSCO, consolidate the cooperation foundation, deepen strategic mutual trust, fully promote the construction of subsequent projects, cooperate with peers, turn the joint venture company into the cooperation model of Chinese and South Korean enterprises, and make it a model of cooperation and co-construction, so as to cooperate for a bright future.