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China Minmetals Corporation 2013-12-23
On December 20-21, President Zhou Zhongshu led a delegation to Suzhou. During the period, President Zhou paid a visit to Tianlong Group and had talks with Pu Ronggao, Secretary of Municipal Standing Committee and Secretary of Party Working Committee of the High-tech Zone.
On the afternoon of December 20, President Zhou and his delegation went to Tianlong Group. He paid a visit to the new office space and modern production lines of the company, and had talks with the leadership of the company. During the visit, Qian Daming, General Manager of Tianlong Group introduced in detail the process of development of the company (transition from a military enterprise to a private enterprise, from a private enterprise to a foreign-oriented company), and briefed on major research achievements, including the fasteners developed by the company for the lunar rover of “Chang-e III”.
At the symposium, President Zhou who had previously served as Chairman of Tianlong Group for more than 10 years, reviewed the history of China Minmetals’s participation in the construction of Tianlong Group, fully recognized the achievements of the Group over the past 20 years, and extended his congratulations on the operating results of the group. He said that China Minmetals had devoted itself to the development of Tianlong Group for more than 20 years. Starting from scratch, the group has developed into one of the four fastener manufacturers in China, boasting four series of products: aerospace, automotive, military, and civil products. In recent years, it has spared no efforts to develop high-tech, high value-added products. As a result, it successfully developed fasteners for the lunar rover of “Chang-e III”, with remarkable achievements. He sincerely appreciated these achievements and hoped that Tianlong Group will make brilliant achievements through redoubled efforts.
Formerly known as Suzhou Tianlong Fastener Co., Ltd., Tianlong Group was jointly established by China National Metal Products Co., Ltd. and China Aerospace Automobile Co., Ltd. on May 18, 1990. Initially, it was engaged in the research and production of drywall screws, chipboard screws and other special fasteners. Through its military technology and management advantages, it has grown from a small manufacturer with an initial investment of RMB 2 million into a group company with over RMB 200 million in net assets that produces high-strength automobile parts and aerospace parts and other fasteners. In May 2009, China Minmetals and China Aerospace Science & Industry Corp. as two shareholders increased RMB280 million in the relocation technology project, and President Zhou personally wrote an inscription for Tianlong Group “New Horizon through Tianlong Model, New Achievements through great efforts”. In November 2011, President Zhou led a delegation to Suzhou and attended the ceremony of the completion and production of the new plant of Tianlong Group. In August, China National Metal Products Co., Ltd. acquired 27.911% of the equity in Tianlong Group from China Aerospace Automobile Co., Ltd. for RMB67,375,256, increasing its stake to 62.499% and presenting Tianlong Group a new opportunity for development.
On December 21, President Zhou met with Pu Ronggao, Secretary of Municipal Standing Committee and Secretary of Party Working Committee of the High-tech Zone. They exchanged views on current cooperation and the direction of future cooperation. Before the meeting, accompanied by Zhou Weimin, Deputy Director of the Management Committee of Suzhou High-tech Zone, President Zhou paid a visit to Suzhou National New & Hi-tech Industrial Development Zone (SND) and exhibition halls.
General Office Director Ma Jun, Fang Gang, Deputy General Manager of Iron Ore and steel and Chairman of Tianlong Group, were present at the meeting.