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Yinbang Signed A Major Sales Contract

On December 18, 2020, Yinbang Clad Material Co., Ltd. and Modine Manufacturing Company ( hereinafter referred to as "Modine group" ) signed a "commercial contract". According to the contract, the company will sell about 300 million yuan of aluminum alloy clad and unclad material to Modine group within three years from 2021 to 2023.

Modine group

excellent supplier of construction machinery, industrial cooling and automotive parts in the world

Modine group is an excellent supplier of construction machinery, industrial cooling and automotive parts in the world. Headquartered in the United States, Modine group has 33 production bases globally and specializing in the design, development, production and sales of heat exchange equipment for construction machinery, heat exchange equipment for vehicles, heating, ventilation, air conditioning and refrigeration equipment, fuel cells and cooling devices for electronic equipment.

Over the years, Yinbang group has gradually formed a fast response management system with close cooperation of various departments and all customer-centered. In recent years, the company's new product development speed, sample delivery speed, Sample validation success rate, production lead time , quality stability, after-sales service have been widely praised by customers.

After more than a year of continuous communication and sample validation, in December 2020, Yinbang group officially signed a contract with Modine group. With unremitting efforts, professional services and excellent products, Yinbang won the trust of Modine group. The signing and implementation of this contract will have a greater positive impact on Yinbang’s operating revenue and profits in the next three years, and also benefit both parties for mutual benefit and win-win results.

In 2020, facing the severe impact by the COVID-19 pandemic and the complex and changeable market environment domestic and abroad, the company will respond quickly and actively. After the Spring Festival, while doing a good job in pandemic prevention and control, Yinbang quickly returned to normal production and made efforts to stabilize production and ensure orders. Yinbang achieved a year-on-year growth of 19.99% in operating revenue and 66.03% in net profit, far exceeding the current performance level of the same industry, continuously improving the market operation quality, and continuously enhancing the brand influence. Yinbang group always adheres to the concept of customer-centered, actively responds to the changing domestic and international situation and challenges, and is committed to achieving win-win cooperation with customers.