Nippon Paint Signs Contract with Sinopec, Secures 1.5 Billion Deal at the 7th China International Import Expo!

On November 7, 2024, on the occasion of the opening of the 7th China International Import Expo, Nippon signed an overseas procurement Framework Memorandum with the Materials and Equipment Department of China Petroleum and Chemical Corporation Limited (Sinopec). This important event was held at the CIIE, a platform that serves as a model for international exchange and cooperation. The two sides commit to establish a long-term and stable cooperative relationship, aiming at resource sharing, collaborative development, joint market exploration, and sharing of BOBO and global opportunities.

At the signing ceremony, Kang Kejun, deputy general manager of the fuel and Chemical Industry Department of Sinopec Materials and Equipment Department, and Chen Xuejun, vice president of business planning and investment development of the parent company of Lipang Group, attended and completed the signing. Sinopec, as the largest supplier of refined oil products and petrochemical products in China, is committed to innovating its international development model, promoting the whole industrial chain to go to sea, achieving integration and collaborative exploration of the international market, and jointly promoting the high-quality development of international operations.

Nippon is the fourth largest coatings and service manufacturer in the world and the largest in the Asia-Pacific region, with operations in 28 countries and regions around the world and R&D centers in North America, Europe, Australia and other places. Relying on the global technical strength and resource network of the parent group, Nippon helps Chinese enterprises to enter the international market with higher quality.

Wang Peng, a member of the Party group of China Petroleum and Chemical Corporation and leader of the discipline inspection and supervision group, visited Nippon's Jinbo booth and fully affirmed the innovation achievements of Nippon. Nippon is committed to providing customers in the industrial field with green, environmentally friendly and high-quality industrial coating solutions, and has been highly recognized by many international partners. In the future, Nippon will continue to rely on global cutting-edge innovative technologies to promote high-quality development in the industrial field and bring more innovation and progress to the global market.

During the 7th China International Import Expo, Nippon also signed strategic cooperation agreements with China State Construction Second Engineering Bureau Co., LTD., China State Construction Fifth Engineering Bureau Co., LTD., and China State Construction Eighth Engineering Bureau Co., LTD., which opened a new chapter of win-win cooperation.

The CIIE is a high-end platform for national central enterprises to strengthen exchanges and mutual learning with outstanding international enterprises, share opportunities and seek common development. With its extensive business layout, strong strength and solid industry leading position, China Construction Group plays an important role in the construction market at home and abroad. Ciie has always been an important channel for China Construction Group to introduce new international technologies, new services and new products and promote the development of new quality productivity. As the leading international enterprise in the industry, Nippon was invited to participate in the centralized signing ceremony held by China Construction Group to share the world's leading products and technologies.

According to the agreement, Libon will adhere to the principle of "resource integration, complementary advantages and synergy to win" with CCB II, CCB V and CCB VIII, and carry out deeper cooperation in supply chain management, product research and development, market expansion and other fields. Senior leaders of the two sides jointly expressed their expectations and confidence in future cooperation at the signing ceremony, hoping to take advantage of Bobo to expand more cooperation opportunities.

One out of every 25 people in China uses a house built by China Construction Group. As a company with the mission of "refreshing a better living space", Nippon hopes to join hands with more leading enterprises like China Construction Group to promote the process of new urbanization in China with innovative products and services.