On March 17, Wang Bo, Party Secretary and Chairman of China Machinery Engineering Group Corporation (CMEC Group), witnessed the signing of a strategic cooperation agreement between Beijing Material Handling Research Institute Co., Ltd. (BMH), a subsidiary of CMEC Group, and CMEC JAPAN Corporation (CMEC JAPAN). Huang Yuefeng, General Manager of BMH, and Jia Bing, President of CMEC JAPAN, signed the agreement on behalf of their respective organizations. Chen Jun, Member of the Party Committee and Deputy General Manager of CMEC Group, and Jiang Hongqi, Deputy General Manager of BMH, attended the signing ceremony.

At the ceremony, Wang Bo highly commended the strategic cooperation between BMH and CMEC JAPAN as subsidiaries of CMEC Group. He noted that this collaboration deeply integrates the strengths of both parties, effectively promotes business integration and synergistic development among CMEC Group’s enterprises, and explores new pathways for high-quality international expansion of SINOMACH equipment.

Regarding the next steps, Wang Bo outlined three key requirements. First, both parties should maintain strategic focus, pursue challenging yet meaningful initiatives, and strive to enter the international high-end equipment market. Second, they should use this cooperation as an opportunity to jointly drive business transformation and upgrading. CMEC Group’s overseas institutions will actively support the global expansion of "SINOMACH Manufacturing" and "SINOMACH Equipment," aligning with the group’s core responsibilities and main business. Third, they should focus on value creation through internal collaboration, leveraging synergies to empower each other and achieve win-win development. CMEC Group will provide full support in this endeavor.

Representatives from the headquarters of CMEC Group, BMH, CMEC JAPAN, and other relevant departments attended the signing ceremony.

Founded in 1958, BMH is the leading enterprise in China’s material handling machinery industry, playing a pivotal role in advancing the sector’s technological progress. With over six decades of expertise in the ropeway industry, BMH ranks among the top three globally in passenger ropeway equipment and has been recognized as a "Manufacturing Single Champion" by the Ministry of Industry and Information Technology. Since the 14th Five-Year Plan period, with the support of SINOMACH, CMEC Group, and CAMCE, BMH has successfully established significant advantages in expanding into the international high-end market. These include: 1) enhanced international operational capabilities that amplify its professional expertise through integrated and synergistic development; 2) continuous advancement of world-leading core technologies in ropeway equipment and engineering, forming an industrial ecosystem around its proprietary core equipment; and 3) comprehensive coverage of the entire ropeway industry chain, including investment, R&D, manufacturing, engineering, services, and operations, achieving full-chain and full-cycle service capabilities.

CMEC JAPAN, with over 40 years of experience in the Japanese market, has accumulated extensive local operational expertise and high-end client resources. It has also made substantial efforts to facilitate the entry of various types of passenger ropeways into the Japanese market.