Recently, Baosteel Co., Ltd signed a strategic cooperation agreement with Baoding Tianwei Group Co., Ltd, and both sides insisted on the tenets of " strategic cooperation, mutual reciprocity and mutual benefit, win-win partnership and common development ", which actively explored multi-field cooperation, promoted R&D capability of technology and market competitiveness hand in hand, and jointly promoted the manufacturing level of electric power equipment in our country. The general manager of Baosteel Co., Ltd-Mr. Dai Zhihao, and the general manager of Tianwei Group Co., Ltd-Mr. Bian Haiqing attended the signing ceremony. The vice-general manager of Baosteel Co., Ltd-Wangjing and the vice-general manager of Tianwei Group Co., Ltd-Liu Shujuan, on behalf of both sides, signed the agreement.

Baoding Tianwei Group is the wholly-owned subsidiary of China South Industries Group Corporation, which is the core backbone enterprise of national major equipment manufacturing industry and has abundant technical strength and international advanced equipments in power transmission and transformation industry, making a significant contribution to national electric power construction. Since Baosteel grain-oriented silicon steel was put into production in 2008, both sides continued to keep a good cooperative relationship. In recent years, the cooperation fields of both sides continue to expand, Baosteel has become one of the important suppliers of Baoding Tianwei and the two sides also establish a joint laboratory for common research and development work.

Under the framework of strategic agreement, Baosteel Co., Ltd and Baoding Tianwei will expand omnibearing and multi-field cooperation, jointly improve market competitiveness and strengthen exchanges and cooperation in areas of products quality, technology and R&D. At the same time, it will further promote multifaceted communication and visits, and continue to deepen mutual reciprocity and win-win cooperation.

At the signing ceremony, Bian Haiqing said that last year, Baoding Tianwei integrated its subordinated businesses, further enhanced the core status of power transmission and transformation industry, and made efforts to expand businesses. This year is a significant period of Baoding Tianwei development, hoping to get a strong support from Baosteel in materials supply and technical services, and jointly promoting overall capacity of electric power manufacturing industry chain.

In the speech, Mr. Dai Zhihao said the manufacturing level of Baosteel grain-oriented silicon steel continuously made a progress which was indispensable with strong supports from the users of Baoding Tianwei, and the signing of strategic cooperative agreement will further make bilateral relations closer. Baosteel will explore the potential of several aspects including quality, costs, delivery time, and after-sales service, further deepen the cooperation of technical services, product R&D and projects promotion, improve the competitiveness hand in hand, spare no efforts to create value for customers, and make due contributions to the progress of Chinese electric power equipment manufacturing industry.




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