In March 2003, Yongmei Group and Shanghai Baosteel held hands for the first time to jointly build two projects, namely Henan Zheng Long Coal Industry Co., Ltd. and Shanghai Baosheng Energy Co., Ltd., and the first coal-steel joint venture in China was born. The cooperation with Baosteel, a fortune 500 company in the world, made Yongmei stand on the shoulders of giants and began to look at the world.
On September 22nd, 2003, in the beautiful Baosteel Building in Pudong, Shanghai, Yongmei Group signed a memorandum of cooperation with Shanghai Baosteel Group and CVRD of Brazil. This is another great-leap-forward reorganization of Yongmei after its cooperation with Baosteel, which indicates that Yongmei Group has taken a more important step in introducing domestic and foreign strategic investors. On March 25th of the following year, in Rizhao Port, Shandong Province, Yongmei Group exported the first batch of 30,000 tons of clean coal from CVRD Company of Brazil, crossed the ocean by ocean-going freighter and "married" to South America. This is the first substantial trade exchange between Yongmei Group and CVRD of Brazil, which has sounded a powerful clarion call to enter the international market.
On June 22, 2005, Shanghai Baosteel and Brazil CVRD, the world's top 500 enterprises, once again started deeper cooperation with Yongmei: they increased their capital and expanded their shares in Yu Long Company with 65.438+66 billion yuan, making Yu Long Energy the first Sino-foreign joint venture coal enterprise in China. At the same time, the three parties have also carried out more extensive cooperation in the fields of energy, steel and minerals, paving the way for Yongmei to enter the international energy and mineral fields.
In February 2004, Yongmei Group signed a coal chemical technology agreement with Dutch Shell Company with an annual output of 500,000 tons of methanol, and then established Yu Long Coal Chemical Co., Ltd., investing more than 6 billion yuan to build the largest coal chemical production and processing base in Henan Province. By August 2007, the first phase will produce 500,000 tons of methanol per year, and the second phase will produce 1 10,000 tons, thus realizing the local transformation and value-added of coal. Yongmei Group will also join hands with Zheng Da Group of Thailand, which has mastered the secret technology of coal chemical industry, to jointly build an industrial chain. As the main sponsor, Yongmei also established Henan Yu Long Co., Ltd. together with WISCO, Maanshan Iron and Steel Co., Ltd. and Laigang.