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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.
Yinbang Shares (300337.SZ) signed a commercial contract with Valeo Thermal Systems on April 13, 2022, to supply aluminum alloy composite and non-composite materials, with an estimated contract value of about 2 billion RMB (approx. €280 million).