On October 22, the opening ceremony and establishment forum of Yankuang Intelligent Logistics Company (＂the Company＂) and Huaneng Supply-chain Company was held in Haikou, Hainan province. Both of the Fortune Global 500 enterprises, Yankuang Group and China Huaneng Group, will jointly build the top thermal coal supply-chain of coal and electric power.
Mr. Li Xiyong, Chairman and Secretary of the Party Committee of Yankuang Group, and Mr. Wang Wenzong, Vice General Management of Huaneng Group, unveiled the platform of Yankuang Intelligent Logistics Company and Huaneng Supply-chain Company successively.
The Company is incorporated in Haikou, Hainan province, with joint contribution of Yanzhou Coal Mining Company, Huaneng Group Fuel Company and Taizhong Group. According to the investment agreements, on equal conditions, Yankuang Intelligent Logistics Company has the priority to supply Huaneng Groupwith thermal coal.
Under the principle of ensuring stable supply and procurement, taking the advantages of the support of Yankuang Group and Huaneng Group, and the modern logistics of Taizhong Group, the Company would develop business throughout our country and gradually enlarge the procurement side and supply side so as to provide the whole modern coal supply chain service, such as coal purchase and sales, logistics and warehousing, supply chain finance, information processing and cross-border e-commerce. Through hard work, the Company would build a leading domestic and international first-class intelligent supply chain platform, making it the largest online procurement and sales platform for thermal coal domestically. Based on a high starting point, the Company would strive to become China's largest thermal coal supply company in 3-5 years.