D&G Technology Signed a Strategic Partnership Framework Agreement with China Resources Cement
to explore Southern and South-western China with establishment of
Commercialised Asphalt Mixture Production Sites
([-]November 2021 – Hong Kong) D&G Technology Holding Company Limited (Stock Code: 1301.HK, together with its subsidiaries, collectively “the Group”), which was awarded the “China’s Top 30 Construction Machinery Manufacturer” for 8 consecutive years, is pleased to announce that the Group has signed a strategic partnership framework agreement with China Resources Cement Holdings Limited (Stock Code: 1313.HK, “China Resources Cement” or “CRC”), to explore collaborations in certain fields including the design and manufacturing of equipment, commercialisation of asphalt mixture, equipment intelligence, and scientific research and development and technical talent cultivation in Hong Kong. On 22 October, both parties participated in the strategic partnership framework agreement signing ceremony and held the first working meeting in Shenzhen. The strategic partnership with CRC is the Group’s second collaboration with a large-scale enterprise following the strategic partnership with another SOE LiuGong Wuxi Road Equipment Company Limited in June 2021. The Group has once again demonstrated its well-recognised experience and technical edges in the operation of high-end equipment, undoubtedly leading to a win-win situation in the businesses that the Group and CRC have synergies.
According to the strategic partnership framework agreement, both parties will work together to establish stationary green asphalt mixture production bases in southern and south-western China by leveraging the Group’s expertise and technical know-how capabilities in the manufacturing and operation of high-end recycling asphalt mixing plants and the support of CRC’s excellent distribution channels and leading industry position in the region. In addition, both parties will explore further collaborations in regard to cement equipment digitalization, large equipment design and manufacturing technologies, as well as scientific research and development and technical talent cultivation in Hong Kong.
Ms. Choi Kwan Li, Glendy, the Executive Director & Chief Executive Officer of D&G Technology, commented, “The collaboration with the leading construction materials enterprise China Resources Cement has once again showcased our well-recognised capabilities in the high-end environment-friendly asphalt mixing plant field. Through this strategic partnership, both parties will jointly establish the stationary green asphalt mixture production bases in southern China, where CRC has a leading market position in the supply of cement and concrete. This amplifies the Group’s business at the same time, achieves greater economic benefit and secures a mid to long-term development, and eventually generates more returns to the shareholders.”
In June 2021, D&G Technology announced its strategic partnership with LiuGong Wuxi Road Equipment Co., Ltd. The Group would design and manufacture a new series of asphalt mixing plants for the local and overseas sale of LiuGong Road Equipment. Guangxi LiuGong Group Co., Ltd. is a state-owned enterprise that primarily engages in construction machinery (including road machinery), agricultural machinery, and modern services.
About China Resources Cement Holdings Limited (1313.HK)
China Resources Cement was founded in 2003. Riding on the unique resource layout and the vertically integrated business model of cement and commercialised concrete, with “Runfeng Cement” as an unified national brand, CRC is a large-scale and competitive cement, clinker, and concrete producer in Southern China. CRC’s businesses cover regions including Guangdong, Guangxi, Fujian, Yunnan, Guizhou, Shanxi, Inner Mongolia and Hong Kong. As of 30 June 2021, the annual production capacities of cement, clinker and concrete were 85.3 million tons and 62.7 million tons and 36 million m3, respectively. Of which, 21.7 million tons, 12.1 million tons and 4.2 million m³ were held through equity interests in various joint ventures and associates.
About D&G Technology
As an advanced High-Tech enterprise manufacturing equipment, D&G Technology specializes in the R&D, production and manufacture of asphalt mixing plants. It focuses on providing high-end energy-saving and environment-friendly asphalt mixing equipment, RAP recycling equipment, and relevant services. The Group has built a good reputation and established a vast and stable customer base over the years. Its products are scattered in 32 overseas countries and more than 30 domestic provinces, cities, and autonomous regions, playing a significant role in constructing highways, high-level roads, and urban roads. In recent years, D&G has been actively penetrating the huge middle segment asphalt mixing plant market.