OREANDA-NEWS. October 14, 2011. Provincial big enterprise project signing ceremony of the sixth China Investment and Trade Expo of Central China was held in JinCi Hotel, two TISCO projects was signed in the ceremony. Yuan Chunqing, secretary of Provincial Party Committee and director of the Provincial People's Congress Standing Committee, Wang Jun, deputy secretary of the Party Committee and Provincial Governor, Xue Yanzhong, chairman of Political Consultative Conference attended the signing ceremony. Member of Provincial Party Committee, Executive vice Governor Li Xiaopeng presided over the signing ceremony. Provincial leaders attended the ceremony. TISCO President Li Xiaobo, group company chief accountant ZhouYizhou attended the signing ceremony, reported the press-centre of TISCO.

The signed projects were large gas supply air separation unit project cooperated with Linde BOC Investment Co., Ltd. and amorphous magnetic materials project cooperated with Shanghai Zhendong Material Equipment Co., LTD. and Beijing University of Aeronautics. Li Xiaobo, ZhouYizhou signed the contracts respectively with the partner representatives.

Large is large air separation unit gas supply project is key supporting project for "the 12th five-year period" energy conservation and emission reduction and industry upgrade project. The completion of the project not only is of great significant in promoting TISCO energy conservation and emission reduction, improving the structure of grain varieties and product class, but also meet the industrial gas demand of emerging industry and new material industry in Shanxi Province and taiyuan city. Total investment of this project is 1 billion yuan RMB, among which the introduced capital is 200 million yuan. After the completion of the project, above 350 million yuan production value can be increased in one year.

This project is planning to build two sets of 60,000 cubic meters oxygen-produce machines, with the latest developed, the world's advanced level equipment of German Linde Group. The implementation of this project can meet the gas demand of TISCO blast furnace oxygen-enriched combustion and the steel rolling heating furnace oxygen-enriched combustion, and reduce unit energy consumption of gas production.

Amorphous magnetic materials project is an amorphous strip project with investment of 1 billion yuan RMB and new annual capacity of 50000 tons, which the patent technology is introduced from Shanghai Zhendong Materials Co., LTD. and Beijing University of Aeronautics by TISCO. Amorphous magnetic materials are mainly used in the manufacture of distribution transformer core, current transformer core, common-mode inductor iron core, high frequency magnetic device and magnetic devices in aerospace and other fields. The Company fully plays the advantage of two platforms of "National Enterprise Technology Center" and "National Key Laboratory", launches a pilot project of thousand tons amorphous strips. Up to 2015, plan to build a modern amorphous materials center, forming the amorphous strip production capacity of production value of 3 billion yuan with an international advanced level.