China Nanjing Steel and Schaeffler Exchange Views on Globalization Development

On June 4, Joachim, global industrial bearing purchasing manager of Schaeffler, and Frank Zimmermann, global automotive bearing purchasing manager of Fischer Schaeffler, visited Nanjing Steel, and the two sides exchanged views on deepening strategic cooperation. Huang Yixin, chairman of Nanjing Steel, and Xu Xiaochun, executive vice president, attended the discussion.

During the discussion, Nanjing Steel introduced the company's development profile and carbon reduction roadmap, and reviewed the history of cooperation between the two sides; Schaeffler introduced the company's development profile and current business. The two sides further discussed the pace of globalization and the theme of green steel.

Joachim Fischer praised the achievements of Nanjing Iron and Steel in high-end, intelligent, green, integrated and global development, as well as the dual-carbon and sustainable development strategic route. He said that as a global supplier of automotive and industrial products, Schaeffler has always been committed to promoting innovation and development in the fields of transportation and industrial manufacturing with a pioneering and innovative spirit for more than 70 years. Schaeffler is committed to the sustainable development of the entire value chain. Working with steel manufacturers to reduce the carbon emissions of the steel used by the company is crucial for Schaeffler to achieve climate neutrality in the supply chain. Schaeffler and Nanjing Iron and Steel have been strategic partners for many years, and the two sides have accumulated deep mutual trust and tacit understanding in past cooperation. In the future, we hope to continue to strengthen exchanges and cooperation with Nanjing Iron and Steel to promote the realization of their respective carbon reduction and emission reduction goals. Schaeffler will always uphold an open and cooperative attitude, work with Nanjing Iron and Steel to explore a mutually beneficial and win-win development path, and strive to become an excellent partner for mutual achievement and common progress, and work together to contribute to the transformation and upgrading of the global steel industry and the realization of carbon neutrality goals, and work together to create a greener and more sustainable future.

Huang Yixin welcomed Joachim, Fischer and his party, and thanked Schaeffler for its care and support for Nanjing Iron and Steel. He pointed out that as an outstanding multinational company, Schaeffler has been leading the technological innovation in the automotive and industrial fields with its advanced scientific and technological strength, showing the extraordinary charm of the company. Faced with the new trend of globalization and low-carbon development, Nanjing Iron and Steel firmly implements the open innovation and globalization strategy, and strives to create a high-end product matrix with global competitiveness. In addition, while pursuing operating performance, Nanjing Iron and Steel continues to expand its ESG field practices. In the field of automotive steel, relying on high-end R&D platforms and the technical strength of domestic and foreign material experts, we jointly develop high-performance low-carbon automotive steel products. Nanjing Iron and Steel is also actively exploring low-carbon and zero-carbon innovative solutions to enhance the resilience and competitiveness of the company. In the face of the "dual carbon" goal, Nanjing Iron and Steel will continue to deepen low-carbon technology, promote product innovation, provide Schaeffler with competitive and innovative products, and work with Schaeffler to make practical contributions to promoting the green development of the industry and responding to global climate change.

Joachim Fischer and his party, accompanied by Xu Xiaochun and others, visited the Nangang Smart Operation Center, the Second Steelmaking Plant, and the Medium Rod Plant.