Shanghai Electric has entered a partnership with Svenska Kullagerfabriken AB (SKF) after the two companies signed an agreement at China International Import Expo 2021 (CIIE).

Leng Weiqing, Chairman of Shanghai Electric Group, who presented at the ceremony alongside Vice-President Jin Xiaolong, signed the agreement.

The partnership will allow the two companies to benefit from Shanghai Electric’s infrastructure construction experience and SKF’s supply chain to boost their R&D capacity.

China’s largest import trade fair, CIIE 2021, held from November 5-10, was the fourth edition that Shanghai Electric attended, which also saw the company inking over 10 import procurement contracts and framework agreements with global companies during the six-day event, with the total value of the deals exceeding 1.7 billion RMB.

“CIIE is a fast and efficient matchmaking platform for multinational companies to find the golden key to open the gate to China’s market, as well as a window for global businesses to establish in-depth communication channels with Chinese customers. On this platform, Shanghai Electric hopes to seek new partners and create more win-win cooperation opportunities with world-leading enterprises,” said Jin Xiaolong.