Yingde Gases and CIMC ENRIC Joined Hands to Embark On a New Chapter of Development

On July 21,2026, Zhejiang Yingde Holding Group Co., Ltd. (hereinafter referred to as Yingde Gases) and CIMC ENRIC Investment Holding Co., Ltd. (hereinafter referred to as CIMC ENRIC) successfully signed a strategic cooperation agreement. The two parties will join forces to pool high-quality resources, deepen comprehensive collaborative efforts, enhance the core competitiveness of the industrial chain, and jointly promote high-quality development in the gas industry.

Senior executives from both companies attended the signing ceremony, including Yingde Gases’ CEO Fang Jingsong, General Manager of East China Region Wang Jian, General Manager of Packaged Gas Business Unit Sun Yi; CIMC ENRIC's Vice President and Head of Energy Equipment & Engineering Business Center Ju Xiaofeng; President's Assistant and Head of Hydrogen Energy Center Xu Yongsheng; and Business Development Center General Manager Li Wei.

Yingde Gases is a leading provider of professional gas and industrial service solutions, with over two decades of expertise in the industry. It boasts a comprehensive industrial gas supply chain, offering various services including on-site gas production, bulk liquid gases, and packaged gases, as well as Yingde Engineering (specializing in the design and manufacturing of cryogenic equipment such as air separation systems). These offerings fully address the gas requirements across the industrial manufacturing sector. As a global leader in key clean energy equipment and integrated services, CIMC ENRIC has established a full industrial chain capability encompassing production, storage, transportation, refueling, and application, with extensive technical expertise and project experience in hydrogen energy, LNG, and green methanol. Leveraging their respective strong industrial foundations, both parties will collaborate closely in core business areas including industrial gases, hydrogen energy, helium, and specialty electronic gases.

This collaboration is guided by the principles of complementary strengths, mutual benefit, long-term stability, and deep synergy, leveraging both parties 'core advantages. Together, they will establish an integrated cooperation ecosystem encompassing resources, equipment, technology, and markets to enhance industrial chain resilience and core competitiveness. Furthermore, building on their respective diversified business portfolios and upstream-downstream resources, both sides will promote each other's products and technologies, achieving channel integration, resource sharing, and mutual benefits.

Fang Jingsong, CEO of Yingde Gases, stated: "CIMC ENRIC possesses strong capabilities and distinct advantages in clean energy equipment and cryogenic storage and transportation technologies. Our industries are highly complementary, and our development philosophies align closely. This collaboration will leverage strengths across the entire value chain—from gas production and storage to transportation, technology, and market expansion—effectively broadening the boundaries of industrial development. We look forward to establishing a long-term, comprehensive partnership with CIMC ENRIC to jointly explore a new future for gases."

Ju Xiaofeng, Vice President of CIMC ENRIC, stated: "Our collaboration with Yingde Gases has built a solid foundation of mutual trust through years of joint development. Currently, CIMC ENRIC is fully implementing its strategic framework of 'key equipment + core processes + comprehensive services,' accelerating its transformation from a single equipment supplier to a system integrator providing integrated clean energy solutions. Looking ahead, we look forward to strengthening our existing equipment partnership while actively exploring new business opportunities and innovative models through strategic synergy, achieving deep resource sharing and mutual market empowerment, jointly fostering a new ecosystem for the green energy industry, and collectively advancing the ambitious vision of sustainable, high-quality growth in the gas sector."