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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 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.