On October 20, local time in Brazil, President Luiz Inácio Lula da Silva warmly welcomed Yang Dongsheng, Chairman of XCMG Construction Machinery Co., Ltd., and his delegation at the presidential palace. The meeting was attended by Vice President Geraldo Alckmin and Minister of Development, Industry, Trade and Services, along with Chief of Staff Rui Costa. During discussions, President Lula congratulated XCMG for its achievements over the past decade in Brazil. He praised the company's efforts in promoting industrial upgrades, energy efficiency, emission reductions, and digital transformation, and acknowledged the robust development of XCMG's Brazilian banking operations. Lula expressed anticipation for XCMG's establishment of a research institute in Brazil. He encouraged XCMG to further expand its investments in Brazil, aiming to set a successful example for trade and cultural exchanges between the two nations.
Chairman Yang Dongsheng introduced President Lula to XCMG's development journey in the Brazilian market, covering trade exports, greenfield investments, and the transition towards intelligent, networked production. He stated that XCMG will continue to adhere to high-end, intelligent, green, global, and service-oriented development directions, actively promoting the digital transformation and upgrading of the industry, implementing green manufacturing concepts, fulfilling corporate social responsibilities, and enhancing local talent cultivation. Yang emphasized the company's commitment to deepening localization operations in Brazil, using the country as a hub to extend its reach into major South American nations and fostering a long-term development strategy. President Lula expressed appreciation for XCMG's focus on localization and long-term strategies, welcoming the involvement of Chinese companies, including XCMG, in local infrastructure projects, digital economy development, and green transitions. Both sides aimed to cooperate on sustainable development and sharing of opportunities. The meeting concluded in a friendly atmosphere, with both parties taking photos together and reaching initial agreements on future cooperation in R&D, finance, talent cultivation, and green mining.
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