OREANDA-NEWS. November 01, 2011. Wuhan iron and steel company Ltd general manager Pengchen, member of the standing committee of Wisco party committee, representing Wuhan iron and steel company Ltd, signed Protocol of Strategic Supplier Cooperation Framework with Dongfeng Peugeot Citroen Automobile Company Ltd (hereinafter referred to as DPCA), agreeing on that both sides will fully share information on market supply and demand, deepen technical cooperation and R&D on new products, as well as achieve synergy advancing, reported the press-centre of Wisco.

It is learnt that this year is the opening year for DPCA’s interim undertaking plan known as “5-A-Plan” to target sales volume of 425 thousand cars with growing rate of 14%. The 5-A-Plan puts forward that DPCA will occupy 5% of market share till 2015 with annual output and sales over 750 thousand cars. In next 5 years, DPCA plans to push forward more than 10 types of new cars. Both increasing capacity and new cars promotion will be based on bilateral Strategic Cooperation for supply and demand.

At the inking ceremony, Pengchen indicates that Wisco has gone through long standing cooperation with DPCA, since a long time ago, both sides have been fully trusting and understanding each other with expanding cooperation fields. As a key member in home auto steel market, Wisco keeps bringing out breakthrough on high-end products development, and is capable of satisfying DPCA’s need for its developing. According to the protocol, Wisco is going to launch overall and multiple levels cooperation with DPCA covering auto sheet R&D, sale, service, etc., striving for mutual wins.