Summary： The foundation ceremony for SBM high-end mining machine research project kicked off at New Project Construction Base at 10:18, May 11th. Mr, Yang, the board of direct

The foundation ceremony for SBM high-end mining machine research project kicked off at New Project Construction Base at 10:18, May 11th. Mr, Yang, the board of directors of SBM, Mr. Yuan, vice president of Lingang Group, as well as the managers from business service center, land management division, planning and development division and engineering cosntruction division joined the ceremony.

It's reported SBM high-end mining machine research project covers an area of over 280,000 squere meters with the total investment of 1.57 billion Yuan. In addition, the annual market increment will reach 4 billion Yuan after the construction, being the biggest single plant in high-end mining machine producers in the world and one of the significant guarantees to present SBM in top three companies in the world. This project is focused greatly by Shanghai Planning and Development Bureau and Lingang Land Managment Department and friends engaged in similar sectors.

Mr. Yang, the board of directors of SBM, delivered an important speech at the foundation ceremony. He highly recognized the achievements made by joint efforts before, also expected the development in the future. He noted the construction of Lingang Project is a new sail for SBM to present in international market, and lays a foundation for the high-end production to present the top in the world. The major equipment on production lines will be functional automatic after the project is put into production, and the environmental protection, logistics, process, production, quality control and inspection will reach top level in the world. It is bound to significantly improve SBM's competition and influence in international market. The mostly advanced mobile engineering vehicle combination, powerful and top quality series industrial miller, and high performance cone crusher will be launched from the top-end production base to various markets in the world. It is bound to become one of the example enterprises for SBM and the production industry into industrial 4.0.

In addition, the board of directors emphasized it is our dream, even a mission, to realize a 100-year SBM, a 10 billion SBM. The kick off of Lingang Project means a new starting point, sail and pursuit. All employees should attach great importance to Create value, share value, follow order, and respect value to cooperate and achieve the target.

Mr. Yuan, the vice president of Lingang Group, delivered a foundation speech and highly appraised the SBM high-end mining machine research project. He also noted Lingang will support the project and it's expected Lingang Group and SBM will make sincere cooperation to win a prosperous future.

At the end of ceremony, people present shoveld the earth to the foundation to wish for a brilliant future.