Hitachi Elevator and Zhongyuan Construction Group Signed Strategic Cooperation Agreement

GUIYANG,China,Nov. 2,2020 -- On 14 October,Hitachi Elevator (China) Co.,Ltd. ("Hitachi Elevator") and Zhongyuan Construction Group Co.,Ltd. ("Zhongyuan Construction Group") held the signing ceremony for their strategic cooperation agreement at the Zhongyuan Headquarters Building. The arrangement formalizes the intent and commitment of both Parties to joint efforts around the supply,installation and maintenance of elevators. Under the strategic cooperation agreement,Hitachi Elevator will provide elevators and support services to all projects underway in the housing construction and municipal services sections belonging to the Zhongyuan Construction Group.

Signing ceremony of the strategic cooperation agreement

Headquartered in Guiyang,Guizhou Province,Zhongyuan Construction Group has a registered capital of 100 million yuan and has been engaged in the construction industry for many years. At present,its construction area is nearly 4 million square meters. Over the next five years,the Zhongyuan Construction Group will realize a total construction area of 20 million square meters with a total output of nearly 60 billion yuan. This is expected to cover 28 provinces (municipalities) and autonomous regions across the country.

As an important real estate industry product and service provider,Hitachi Elevator is one of the earliest elevator companies that focused on and supported the growth of the real estate supply chain in China. "Hitachi Elevator has always attached a great significance to the Guizhou market and owns the largest elevator market share in Guizhou for three consecutive years. As a reflection of this,Hitachi has also achieved fruitful results in the construction of several key projects in Guizhou. We have been adhering to the enterprise mission of contributing to society through the delivery of excellent products and services,and will continue to bring reliable,efficient,comfortable and sustainable product and service solutions to the Zhongyuan Construction Group," said Liang Yaoqiang,Vice President of Hitachi Elevator. In the future,the Parties will draw upon their respective business strengths,work together with excellent products to bring greater and better possibilities to the beautiful communities in Guizhou and open a new chapter for development.