On the morning of February 17, 2023, at the headquarters of GEM Co., Ltd. in Shenzhen, Weiming Environment Protection Equipment Co., Ltd. formally signedthree equipment procurement contracts with Zhejiang Meiqingbang Engineering Service Co., Ltd., a subsidiary of GEM, totaling approximately RMB 480 million.
The contracts confirm that Weiming Environment Equipment will serve as the equipment supplier for GEM’s QMB Phase II Laterite Nickel Ore Hydrometallurgical Project in Indonesia, providing tanks and related equipment. This collaboration extends the partnership between Weiming and GEM in the new energy sector. On November 21, 2022, the two companies signed a framework equipment supply agreement at the QMB Park in Sulawesi, Indonesia. Today’s formal contracts finalize the scope, requirements, and first-phase deliverables under the agreement.
To date, Weiming and GEM have established multiple cooperative initiatives, including joint R&D and manufacturing of new energy materials, end-of-life vehicle recycling, battery recycling, new energy technology collaboration, and equipment supply. The signing of these contracts solidifies the foundation for deeper cooperation and marks a substantial and critical step in Weiming’s expansion into overseas markets.