Shandong Sealand Equipment Group, a subsidiary of Shandong Port Group (SPG), signed two orders with a leading South Korea-based enterprise in the industrial sector. The orders are for idler brackets and steel structure products worth nearly 4 million yuan ($556,800).

The Shandong Sealand Equipment Group Rizhao Company inked a strategic cooperation agreement with the South Korea-based company in May. As per the agreement, the two sides will leverage respective strengths in technology collaboration, resource integration and market channel, in a bid to work together to expand the high-end equipment market in the field of port and mining in South Korea. The signing of the order marks a pivotal step forward for Shandong Port Equipment Group in enhancing its internationalization strategy.

The successful expansion into East Asia is part of the group's efforts to shift from a single product exporter to an exporter of whole-chain solutions encompassing technology, service and brand. The company will continue to expand its input in R&D and is committed to delivering more intelligent and convenient equipment solutions to global customers, seeking to help "intelligent manufacturing in China" shine more brightly on the global industrial sector.

Shandong Sealand Equipment Group signs two orders with a leading South Korea-based enterprise in the industrial sector. [Photo provided to chinadaily.com.cn]