Spring tides surge and all things thrive. On this vibrant and hopeful day, Jiangsu SIBO Electric Co., Ltd., a subsidiary of SIBO Group, and its long-term partner of over two decades, German NORIS Group, solemnly held the signing ceremony of the investment intent agreement for their joint venture at the Changzhou-Yancheng Industrial Park on March 23, 2026. This event marks another deepening of the cooperation between the two parties and serves as a significant milestone for SIBO Group in advancing its open strategy and strengthening international industrial capacity cooperation. Ms. Dong Caifeng, Vice Mayor of the Yancheng Municipal People's Government and Secretary of the Party Working Committee of the Changzhou-Yancheng Industrial Park, and Mr. Wu Jun, Deputy Secretary of the Party Working Committee and Director of the Management Committee of the Changzhou-Yancheng Industrial Park, witnessed the signing ceremony.
SIBO Group and NORIS Group came together with shared aspirations and have achieved mutual success through joint endeavors. As early as 2004, the two sides jointly established Shanghai NORIS-SIBO Automation Co., Ltd., focusing on ship automation and high-speed rail sensor fields. In 2013, they joined hands again to found Shanghai GRAW Met Systems Co., Ltd., expanding their cooperation to cutting-edge areas such as meteorology and environmental protection. Over the past two decades of sincere collaboration, their partnership has grown stronger, evolving from ship automation to meteorological instruments.
As leading players in their respective industries, SIBO Group and NORIS Group have always adhered to the principles of openness, mutual trust, and win-win cooperation. NORIS Group’s rigorous craftsmanship, cutting-edge technology, and management expertise complement SIBO Group’s deep local market roots, strong industrial chain integration capabilities, and profound understanding of the domestic market. Over the years, the two sides have conducted fruitful cooperation in technical exchanges, project collaborations, and market expansion, building a deep friendship and solid foundation of mutual trust. It is this enduring trust—transcending geographical boundaries—that has laid the strongest groundwork for the establishment of this joint venture.
As a key production base under SIBO Group, Jiangsu SIBO Electric Co., Ltd. has accumulated extensive manufacturing experience and efficient delivery capabilities over the years. Moreover, it boasts an extensive sales network and deep customer resources in the railway vehicle and industrial sectors, providing a solid foundation for domestic manufacturing and sales for the joint venture.
02 Setting Sail: Strong Alliance, Outlining a New Blueprint for Industrial Development
The signing of the intent agreement today is a natural choice made by both sides after assessing the current landscape and seizing the opportunities of the times. The proposed joint venture will fully leverage the strengths of both parties, focus on the sensor technology sector, and aim to build a comprehensive industrial platform integrating R&D, production, sales, and service. This initiative not only elevates their existing cooperative relationship but also represents a proactive move to address future market demands and adapt to changes in the global industrial chain.
Relying on the superior business environment, complete industrial supporting facilities, and concentrated innovative resources of the Changzhou-Yancheng Industrial Park, the joint venture will introduce advanced German R&D technologies and strict quality management systems. At the same time, it will capitalize on the advantages of Jiangsu SIBO Electric Co., Ltd. in localized operations and market channels. The goal is to achieve all-around competitiveness in technology, quality, cost, and service, thereby injecting new momentum into the industry’s development.
03 Fertile Soil: Rooted in the Park, Sharing High-Quality Development Opportunities
The smooth progress of this cooperation would not have been possible without the long-term care and support of the Management Committee of the Changzhou-Yancheng Industrial Park and various departments of the Yancheng Municipal Government. As the "Intelligent Manufacturing Core" of the Yangtze River Delta Integrated Industrial Development Base and a hub for high-tech industries, the Changzhou-Yancheng Industrial Park has always been committed to creating a market-oriented, law-based, and internationalized business environment, providing enterprises with a broad stage for development and considerate services.
04 Outlook: Openness and Win-Win, Embarking on a Beautiful Future Together
Those with shared aspirations are not separated by mountains or seas. Standing at a new historical starting point, SIBO Group will continue to steadfastly pursue a path of open cooperation and innovative development. The establishment of the joint venture with NORIS Group is a crucial step for SIBO Group to optimize its industrial layout and enhance its core competitiveness, as well as a contribution to promoting the healthy development of Sino-German economic and trade relations.
Looking ahead, SIBO Group will work closely with NORIS Group to accelerate the implementation and operation of the joint venture project, striving to achieve fruitful results soon. We will embrace the world with a more open attitude and give back to society with higher-quality products and services, making new and greater contributions to promoting industrial upgrading and fostering high-quality regional economic development.
The signing of this intent agreement is not only a bugle call to action but also a commitment. Let us look forward to this Sino-German cooperation vessel, laden with hopes and dreams, riding the waves in its new journey and heading toward an even brighter future!