An Agreement Signed Between IB Group and Baotou Steel in Beijing - Haqqin.az

Today in Beijing, an agreement was signed with the participation of IB Group LLC Executive Director Babakefendi Imanov and Baotou Steel State Enterprise Executive Director Wu Xiang Dong, granting exclusive representation rights in Azerbaijan, Ukraine, and the Turkic states.

It should be noted that IB Group LLC and the state-owned Baotou Steel have long-term strategic cooperation relations.

Baotou Steel was established in 1954 and is the largest steel producer in China, with complete industrial chains and a range of seamless steel products.

For the first time, Baotou Steel sold 7,114 tons of rails to the Azerbaijani market as part of the construction project for the "Yalama-Sumgayit" railway line. In addition, this year, IB Group secured a state order for Ukrainian Railways, transporting 27,000 tons of railway tracks via the Black Sea during wartime.

Source: Haqqin.az