HomeCompany newsWankai New Materials Signs Strategic Cooperation Agreement with COSCO

Wankai New Materials Signs Strategic Cooperation Agreement with COSCO

2025-11-14

On November 10, Wankai New Materials Chairman Mr. Shen Zhigang, together with Director, Deputy General Manager, and Chief Engineer Mr. Qiu Zengming, and Deputy General Manager Mr. Chen Canzhong, visited COSCO SHIPPING Holdings Co., Ltd. for an in-depth exchange and strategic signing ceremony. The delegation was warmly received by Mr. Tao Weidong, General Manager of COSCO SHIPPING Holdings, along with Deputy General Managers Mr. Xu Feipan and Mr. Qian Ming.

This strategic signing marks a significant step forward for both companies, combining the strengths of the polyester industry and global logistics to accelerate Wankai's international development and build a new model of "Industry + Logistics" collaboration.

Exploring COSCO's Global Logistics Capabilities

Accompanied by the management team of COSCO SHIPPING Holdings, the Wankai delegation visited the company's Digital Operation Center, vessel model exhibition area, and end-to-end logistics platform, gaining a comprehensive understanding of COSCO's integrated "Shipping + Ports + Logistics"service system.

As a Fortune Global 500 central SOE, COSCO SHIPPING Holdings operates one of the world's most extensive service networks, covering over 160 countries and 1,600 ports. Its digital solutions—such as blockchain bill of lading and multimodal transport—strongly align with Wankai's global expansion and the logistics requirements of polyester materials.

Strategic Dialogue: Exploring Synergies and Future Opportunities

During the meeting, both parties held a dedicated strategic discussion. Topics included logistics support for Wankai;s overseas business expansion, cross-border transportation requirements for polyester products, and opportunities to further enhance supply chain efficiency and global delivery stability.

Chairman Mr. Shen Zhigang emphasized COSCO's leading position in global logistics and highlighted its digital capabilities and worldwide network as "key enablers" for Wankai's international growth. General Manager Mr. Tao Weidong recognized Wankai's achievements in the polyester industry and its global footprint, noting the strong strategic relevance and market potential of deeper cooperation.

Signing Ceremony: Strengthening Long-Term Strategic Collaboration

The two companies officially signed a strategic cooperation agreement, marking the upgrade of their long-standing partnership. According to the agreement, Wankai and COSCO SHIPPING Holdings will establish long-term collaboration across:

International logistics support
Supply chain optimization
Digital innovation and coordination
Green and low-carbon development

The partnership aims to build an efficient, globalized service network through deep integration of industry expertise and advanced logistics capabilities.

Looking Ahead: Building a Green and Intelligent Global Supply Chain

This cooperation sets a new benchmark for industry–logistics collaboration. Moving forward, Wankai New Materials and COSCO SHIPPING Holdings will continue to expand cooperative opportunities, explore innovative models, and support the modernization of China's industrial and supply chains. Together, the two companies aim to contribute to a more resilient, sustainable, and globally connected future.