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ZiDa Logistics and Warehousing Processing Project Signed Contract to Help Ningbo Iron & Steel Co., L

Date: 2018-06-04
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Note: Hangzhou Iron & Steel Co., Ltd. is a company invested by TTGG.

On May 28th, Ningbo ZiDa Logistics Co., Ltd. and Ningbo Century Storage Co., Ltd. and Ningbo Zhejiang Grain Storage Co., Ltd. held a signing ceremony at the Century Storage Warehouse of Xiapu Logistics Park in Beilun, Ningbo. This signifies that Ningbo Zidak Logistics Co., Ltd., a joint venture funded by Ningbo Iron & Steel and Steel Union Co., Ltd., the two core industries of Ningbo Steel Group, will formally enter the production and operation stage.

At the signing ceremony, the chairman of ZiDa Logistics Company introduced the implementation background, landing process and follow-up development ideas of the project. Vice President of Hangzhou Iron & Steel Group, Chairman of Ninglang and Secretary of the Party Committee Min Liping attended the meeting to congratulate. More than 50 representatives from Ningbo Iron & Steel Co., Ltd., Steel Group Co., Ltd., and the company’s business unit and project partners attended and witnessed the signing ceremony.

The storage and processing project covered by ZiDa Logistics, which is jointly built with Zheliang Grain Storage Co., Ltd., covers warehousing, loading, unloading, processing, distribution and other functions. It covers an area of approximately 78 acres and has an indoor library of 15,000 square meters and an open space of 40,000 square meters. Processing production line, the design of monthly processing capacity of up to 60,000 tons, with monthly storage capacity of 100,000 tons, the annual operating scale can exceed 20 million yuan. The project relied on sufficient steel coil storage demand resources of Ningbo Iron & Steel Co., Ltd and was oriented to customer needs to provide refined services and create incremental value in storage and processing.

The implementation of this project can extend the warehouse-to-customer distribution business functions, realize product point-to-point, door-to-door full-process logistics services, and become a new economic growth point for ZiDa Logistics and a basic point for the social development of the logistics industry chain. In the future, ZiDa Logistics will further expand the business of distribution and transportation, smart logistics platform, and financial warehousing by extending the value chain of logistics, realize the value of potential supply chain for submarine logistics, and further expand the company's business scale.

The implementation of ZiDa's logistics and warehousing and processing project will help solve the problem of short-boarding of warehousing products in Ningbo Iron & Steel Co., Ltd. The project can not only take over the function of the existing steel coil product transfer warehouse of Ningbo Iron & Steel Co., Ltd, but also prepare Ning Steel's new product transfer and warehousing capacity of 2 million tons, and reduce the cost of transit logistics while safeguarding the production and operation of Nanjing Steel. 

The implementation of this project will also help Hangzhou Iron & Steel Group's business units to provide better supporting services for logistics operations such as warehousing, processing, and distribution in the coil trade in Ningbo and surrounding areas. It will also play an important role in effectively controlling the risk of steel coil trade cargo rights. positive effect.

(Reproduced from: Hangzhou Iron & Steel Corporation official website)

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