# Yinbang Clad Material receives CNY 2 billion order from Valeo

Yinbang Clad Material will supply about CNY 2 billion (USD 314 million) of aluminum alloy sheets to Valeo Thermal Systems or its designated customers over three years. The deal boosts earnings through 2024.

- Type: Contract
- Announced: 2022-04-13
- Where: China
- Value: $314.0M (2.00B CNY)
- Status: announced
- Products: aluminum alloy sheets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Yinbang Clad Material](https://endata.com/companies/21668.md)
- [Valeo Thermal Systems](https://endata.com/companies/62273.md) (customer)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/china-yinbang-jumps-after-france-valeo-orders-usd314-million-of-aluminum), 2022-04-14: "Yinbang will provide Valeo or its designated customers with about CNY2 billion (USD314 million) of the products over the next three years."

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