China XD Group signs strategic agreement with WISCO

China: A major Chinese power transformers manufacturer, China XD Group, has signed a strategic cooperation agreement with WISCO (Chinese steelmaker Wuhan Iron and Steel Co.).

 


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China: A major Chinese power transformers manufacturer, China XD Group, has signed a strategic cooperation agreement with WISCO (Chinese steelmaker Wuhan Iron and Steel Co.).

The news has been announced by the state-owned Assets Supervision and Administration Commission (SASAC). China XD Group and WISCO – both state-owned companies, will cooperate in information sharing, developing their domestic and overseas markets, and build a joint research laboratory for silicon steel applications.

China XD Group had also cooperated with WISCO on a large power transformer supply project on previous occasions.

Source: Steel Orbis