Yinbang Clad Material signs three-year supply deal with Modine Manufacturing

Yinbang Clad Material Co., Ltd. signed a long-term supply agreement with Modine Manufacturing to provide aluminum alloy composite and non-composite materials over three years, with an expected total value of about CNY300 million (USD45.8 million).

“Yinbang Clad Material's stock price surged after the Chinese alloy producer said that it has penned a long-term supply deal with US thermal management giant Modine Manufacturing, expecting to gain about CNY300 million (USD45.8 million).”yicaiglobal.com

• 1 source
• yicaiglobal.comYinbang Clad Material's Shares Rise on US Modine's USD45.8 Million OrderTang ShihuaDec 21, 2020

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