OREANDA-NEWS.  July 30, 2012. Contract signing ceremony of the annealing line of TISCO Cold Rolled Stainless Silicon Steel was held in the Garden International Hotel, reported the press-centre of TISCO.
 
The GM of TISCO Mr. Gao Xiangming, the GM of STSS Mr. Liu Fuxing, the vice president of STSS Mr. Xie Li, the chairman of MCC Mr. Xiang Mingwu, vice president of MCC Mr. Liu Jiangning, the chairman of Shanxi Province International Tendering Co., Ltd. Mr. Li Guisen, as well as related representatives attended the signing ceremony.
 
Mr. Gao Xiangming addressed, TISCO is the producer of China’s first heat of stainless steel and first piece of silicon steel plate. For years, stainless steel and silicon steel have been the most important strategic products of TISCO. At present, TISCO’s stainless steel business has been in the position of worldwide No. one, and its cold rolled silicon steel has formed 350,000 tons of production capability, with high steel grade cold rolled silicon steel keeping No. one in terms of market share. In recent years, TISCO decided to accelerate the implementation of development strategy, further promoted the transformation of product structure, strengthened the business of cold rolled silicon steel. The 1 million tons new silicon steel tandem project is one of the important measures to acturalize TISCO’s strategic target. MCC is an enterprise with solid strength and good performance; it has established cooperation relationship with TISCO for years. It is hoped that MCC will follow the items in contract, build nationwide good project with high quality and efficiency, and ensure the timely start-up of the project in next December.
 
Xiang Wuming said that, the continious annealing line project is a significant step for TISCO to further exalt its market competitiveness in cold rolled silicon steel markets, as well as to become an international first class modern silicon steel producer. It also offer MCC another opportunity to assist TISCO in its way to great achievement. Xiang Mingwu stated that the qualified and experienced technicians and management of MCC will bear the responsibility of this project; they will insist on the principle of “high jumping-off point, economical investment, good quality, short construction time, and fast profit realization”; they will adopt proven, advanced, practical, safe and reliable technologies and equipments from home and abroad, and build the line into a publicly approved exquisite project.