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GEM ,Mitsui Co., Ltd.strengthen cooperation in scraped car industry

BEIJING
2015-10-16 16:25

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Chinese resource cyclic utilization enterprise GEM Co., Ltd. (002340.SZ) announced on Friday it signed a memorandum with Japan's Mitsui Co., Ltd. to strengthen their cooperation in China's scrapped car business and the downstream industrial chain.

The two sides will take the scrapped car processing bases in Wuhan, Tianjin and Jiangxi as centers to study in China's policies, market and business model for car cyclic utilization industry, and explore the establishment of a joint-stock scrapped car industrial group.

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