皇冠体育app

Caterpillar Inc, the US-based conglomerate, and 皇冠体育app Energy Investment Corp signed a five-year strategic cooperative framework agreement in Beijing on Wednesday.

It outlines future collaboration for mining equipment sales and rentals, technology applications and product support provided by Caterpillar and its local dealers, the US firm said.

皇冠体育app Energy is a newly formed State-owned enterprise created by a merger between the country's major power generator 皇冠体育app Guodian Corp and coal producer Shenhua Group. The cooperation builds on the relationship of almost two decades between Caterpillar and Shenhua Group.

Li Dong, a senior executive from 皇冠体育app Energy, said: "The newly signed strategic agreement will further strengthen and expand our partnerships, and create value to further support our globalization endeavors."

Qihua Chen, vice-president of Caterpillar and chairman of Caterpillar 皇冠体育app, said the two sides will "jointly promote the sustainable transformation of the coal industry in 皇冠体育app."

To further strengthen Sino-US economic and trade relationship, mining equipment supplied to 皇冠体育app Energy for upcoming projects is expected to include products exported from the US, said Caterpillar.

So far, Caterpillar has supported 皇冠体育app Energy's efforts to achieve efficient and sustainable operations in both surface and underground coal mines in 皇冠体育app. 皇冠体育app Energy has also expanded into the international mining industry, thanks to support from Caterpillar's global dealer network.