Triangle Group signed strategy cooperation agreement with Volvo-Lingong Machinery Ltd on July 1st

From June 19th to 20th, Alice, President of Volvo Machinery Ltd, Wang Zhizhong, CEO of the Volvo-Lingong Machinery Ltd, Jiang Lan, Vice President of Vlovo Investment Ltd Company and Xu Fu qian, General Sectary of Economic&Development Zone, LinYi City, ShanDong Province came to Triangle. They retrospected the good cooperation and great achievement obtained by both companies in the past many years. They also further launch discussion on how to deepen the strategic cooperation. On August 20th morning, both parties further the cooperative relationship and sign the strategic cooperative agreement.
During this strategic cooperative discussion, Triangle and Volvo reach the agreement on selecting  location for OEM, supplying the necessary needed tires in time and enhancing the service . Both sides believe that having many year cooperation histories and further deepening the cooperation is of significance for the mutual cooperative foundation. The comprehensive strategic partnership based on the market, brand, and capital investment conforms to the bilateral development and the common interest.
According to the agreement, on the basis of good quality and competitive price, Triangle Group has been assigned as the exclusive OEM supplier for Volvo Machinery Limited Company, without permission to use other brands in principle.
Triangle Group as the home largest tire Manufacturer, reach up to the world first-class level, especially OTR product wins the first prize for National Science technology Progress. The annual output of OTR is 500,000 sets, OTR Radial output 200,000 sets, OTR giant 10,000sets, ordinary project embryo 300,000 sets. Volvo, as the TOP 500 Mechanical Equipment Manufacturer in China and the state-level high novel technology enterprise, is the research center and production base of the Volvo construction machinery group in the global construction. Volvo has obtained 30 patents as the top company. The Triangle Group starts cooperation with Volvo in 1987, until now it has more than 20 years history, the triangle group has been supplying near 60,000 sets every year.
According to development project in the next three years, before 2012, Volvo - will amount to scales of production with car loader 35000/years and the bulldozer 2000/year. The annual demand for assembling reach embryo 140,000 sets, the OTR 150,000 sets. The Triangle Group through the strategic capital operation will also promote the OEM service and ability for large mechanical Equipment.
The following pictures are: after signing the strategy cooperative agreement, Chairman Ding Yuhua and Volvo machinery Limited company chief executive officer Wang Zhizhong are shaking hands. At the backrow is Alice, President of equipment for Volvo (China) Limited company,.

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