China: A major Chinese power transformers manufacturer, China XD Group, has signed a strategic cooperation agreement with WISCO (Chinese steelmaker Wuhan Iron and Steel Co.).
The news has been announced by the state-owned Assets Supervision and Administration Commission (SASAC). China XD Group and WISCO - both state-owned companies, will cooperate in information sharing, developing their domestic and overseas markets, and build a joint research laboratory for silicon steel applications.
China XD Group had also cooperated with WISCO on a large power transformer supply project on previous occasions.
Source: Steel Orbis