# Yinbang Shares signs 5-year supply contract with Valeo worth ~CNY 2 billion

Yinbang Shares (Yinbang Clad Material) signed a contract with Valeo on January 20, 2017, to supply aluminum alloy composite and non-composite materials. The annual contract value is USD 55-62 million (CNY 377-425 million), with a total estimated value of CNY 1.987-2.021 billion over 5 years.

- Type: Contract
- Announced: 2017-01-23
- Where: China
- Value: $290.0M (2.00B CNY)
- Status: announced
- Products: aluminum alloy composite materials, aluminum alloy non-composite materials
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Yinbang Clad Material](https://endata.com/companies/21668.md)
- [Valeo](https://endata.com/companies/655.md) (customer)

## Sources

- [news.jjmmw.com](http://news.jjmmw.com/detail/1258180/), 2017-01-24: "公司20日与法国汽车零部件产销企业Valeo签订合同，向后者供应铝合金复合及非复合材料，每年度合同金额5500万美元至6200万美元，履约期限5年。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.