OREANDA-NEWS. October 26, 2012. Sinochem Group and Tangshan Municipal People’s Government inked a strategic cooperation agreement, in accordance with which Sinochem Group will strengthen its cooperation with Tangshan in such fields as oil storage and supporting docks, iron ore logistics, modern agriculture, finance and energy conservation, reported the press-centre of Sinochem Group. 

The signing ceremony was attended by Zhang Qingwei, Deputy Party Secretary of the CPC Hebei Provincial Committee and Governor of Hebei Province, Liu Deshu, President of Sinochem Group, Zhang Zhiyin, Vice President of Sinochem Group and leaders from Hebei provincial government and Tangshan municipal government. Pan Zhengyi, Vice President of Sinochem Group and Wang Jiuzong, Executive Vice-mayor of Tangshan signed the agreement on behalf of both sides.

During the ceremony, Sinochem International Corporation, a listed company controlled by Sinochem Group, and Sinochem Industry Co., Ltd., a subsidiary of Sinochem Group, respectively signed agreements with Tangshan Caofeidian Industrial Zone on the projects of iron ore projects and petrochemical storage and transportation.

Located in the center of Bohai Gulf, Tangshan is an important gateway of the northern part of China, also a significant shipping and logistics center in Northeast Asia. As a national-level demonstration area of cyclic economy and scientific development, Caofeidian Industrial Zone is mainly engaged in five leading industries including modern logistics, iron and steel, petrochemical industry, equipment manufacturing and newly-emerged strategic industries.