Recently, CHUWA BUSSAN BEIJING CO., LTD and LIBO International Mechanical & Electrical Engineering Co., Ltd signed a strategic partnership agreement with the goal of diversifying CHUWA BUSSAN’s business area. LIBO INTERNATIONAL’s products, conveyor belts and bulk material handling systems, will be introduced by CHUWA BUSSAN BEIJING to domestic and international ports and wharfs.

LIBO International Mechanical & Electrical Engineering Co., Ltd is a holding subsidiary of LIBO Heavy Industries Science & Technology Co., Ltd, which is registered in China as a general contractor of conveyor belts. CHUWA BUSSAN BEIJING CO., LTD is a wholly-owned subsidiary registered in Beijing of CHUWA BUSSAN CO., LTD. CHUWA BUSSAN BEIJING has strong competitive power and resource to expand its business reach into domestic and international ports. The aims of this agreement will help promote complementary advantages and common development based on the principle of honesty, reciprocity and mutual benefits.

The agreement was signed in Beijing for a period of 2 years.