OREANDA-NEWS.  Siemens AG signed a contract with the Heibei Tangshan Iron and Steel Group, on July 10, to supply a cold rolling production line, worth €100 million (USD 130.57 million). There is expected to be a test run in December 2014, with the line to go into operation, in 2015, producing 1.6 million tons of high-quality steel, annually, for the automobile industry.

Siemens has had a ranging of cooperation with Hebei province in recent years, according to Xu Guozhen, the vice-president for corporate communications at Siemens (China). A dry dust removal system (DDS) Siemens provided for the Hebei Iron and Steel Group in December 2012 is now in operation and Siemens has cooperated in other areas, such as infrastructure, energy, healthcare, and financial services. In April 2012, the Tangshan Railway Vehicle Co signed a 91-million-yuan (USD 14.8 million) contract to supply major components for Siemens Velaro trains, the first time for China to export major high-speed train components to Europe. Tangshan Railway has become a strategic supplier for Siemens.

Siemens has also signed contracts with the city of Qian'an's people's hospital and other provincial hospitals for MRIs, CTs, and an angiography system. In 2012, it provided a 10-million-yuan financing for the Handan Jinsaibo Co to purchase production lines for its Kashi branch, in the Xinjiang Uygur autonomous region.