After several months of consultation and planning, Tianjin Shengxin Sports Goods Co., Ltd. and the Tianjin Youfa Steel Pipe Group Co., Ltd., which has been among the “Top 500 Chinese Enterprises” for 11 consecutive years, were finalized. The two parties signed on November 5th. Cooperation agreement.
With the continuous improvement of people’s living standards and the vigorous rise of the national fitness movement, the production of sports equipment will surely become a sunrise industry, and the market space will become more and more broad. The main product of Youfa Group, welded steel pipe, is the main raw material for sports equipment. It is against this background that Shengxin Sports and Youfa Group have successfully achieved cooperation based on the principle of mutual complementarity, mutual benefit and mutual benefit: Youfa Group has invested in Shengxin Sports and has management personnel with rich management experience. To provide the venues for expanding operations, all the steel pipes required for Shengxin Sports are purchased from the subsidiaries of Youfa Group.
The cooperation of this project is not only an opportunity for Shengxin Sports to strengthen its strength and enhance its development potential and to develop rapidly. It is also an active and beneficial attempt by the Youfa Steel Pipe Industry Chain to extend downstream and enter the sports equipment industry.
Post time: Jul-19-2018