The future cooperation between INTECO Group and Henan Xibao Metallurgy Materials Group Co. Ltd. was finalised and contractually stipulated in spring 2014.
Xibao is a group of companies with 3500 employees and one of the largest and leading manufacturers of metallurgical consumer goods on the Chinese market. The product range of the production company located in the Chinese province of Henan ranges from ferroalloys, refractory materials and casting powder to different types of slag, especially pre-melted slag for the ESR business. 210 steel plants in more than 20 countries are already purchasing products from Xibao.
Both companies stand to benefit from the joint cooperation agreement. TECTRADE will assume responsibility for the exclusive distribution of ESR slag and selected products in Europe for Xibao. As a global market leader in the construction of ESR plants, INTECO will use its existing contacts and focus on the distribution of ESR slag, among other things. Xibao will offer technical sales support for the “Smart ESR” plant designed by INTECO and its subsidiary in Dalian specifically for the Chinese market.
Dr. Harald Holzgruber, CEO of INTECO, is also pleased about the cooperation: “Xibao and INTECO will both benefit from each other’s networks. There is also a great deal of mutual trust involved in this cooperation as the products of both companies stand for high quality and customer satisfaction.”