OREANDA-NEWS. November 08, 2012. WISCO signed strategic cooperation agreement with Dongfeng Automobile Co. (hereinafter referred to as Dongfeng Co.) to jointly play new fortis of all-around and deep cooperations among state-owned enterprises with strong-strong collaborations coping with market challenges, reported the press-centre of WISCO.  

WISCO has long history cooperation with Dongfeng Co. Since 2004, the annual average growth rate of the purchased amount for Dongfeng Co.in WISCO has been reached 38%. The cooperation of both sides has reached brand new scale and height and Dongfeng Co. has become indispensable core strategic cliens for WISCO. With the rapid expansion of China auto industry , the Dongfeng Co., as one of three home major automobile manufactures, has gradual increases in demands of raw materials and requirements of secure supply chain.

While with the national requirement of regulate and control to the iron & steel industry ,WISCO , as large scale of state owned enterprise, has constantly enhanced the improvements for its products and service extension. Facing the severe market, both sides, as two big state-owned enterprises in Hubei provinces, have profound strategic significance in developing thorough cooperations and thus it can give full play to each advantage with mutual benefits and make competitive advantage for supply chain jointly coping with the challenges of industry enviroment.

On the basis of the agreement, the strategic cooperation of both sides refers to two scopes like business and technology, and it will make all-around and deep cooperations in relevant fields and projects such as service backup, developing in grades of steel and up-to-date auto type, steel service and distribution, cost reduction and recycling economy,ect.