Taiyuan Iron & Steel (Group) Co., Ltd. and Dongfang Electric Cooperation signed a strategic cooperation agreement on March 4th, marking a new chapter for the cooperation history between two companies. Gao Jianbing, the vice secretary general of TISCO CPC committee and CEO, Chai Zhiyong, standing member of TISCO CPC committee and vice general manager, Xu Peng, DEC CPC leadership team member and the vice general manager, Wang Jun, the director of DEC marketing department, as well as heads of related departments of both companies attended the signing ceremony.
DEC is appointed by Chinese central government as one of the backbones that support national security and national economy. It is under the supervision of the State Council. As one of the internationally biggest manufacturers of power generation units and contractors of power station project, DEC is good at the R&D and manufacturing of power generation units that cover all the six power sources, i.e. hydro-power, coal-fire, nuclear, steam-power, wind-power and lunar power. It has topped the world by the biggest output for 17 consecutive years, and has been listed in the ENR top 250 global big-scale contractors for 26 consecutive years.
Gao Jianbing congratulated the signing of the strategic cooperation agreement. He said, after many years development, DEC has grown to be one of the biggest suppliers of whole-set power generation facilities and contractors of power station projects, winning itself the honor of “a pearl shining in Chinese heavy-equipment industry”. TISCO and DEC developed a close partnership in recent years in some big-scale power station construction project. He expected both companies will deepen cooperation in fields of product purchasing and technical service, engineering project, hydrogen energy and fuel cell automotive industry, international business, supply chain service, and etc. TISCO will develop more cost-effective and green products that meet demands of DEC, jointly with whom it will support the country in important construction projects.
Xu Peng expressed his gratefulness to TISCO’s long term support. DEC was founded in early years of the P. R. China, expanded amid China’s opening and reform period, and thrived in the new era. It has become an internationally outstanding supplier of equipment and service. Its business covers five sectors, i.e. clean and efficient energy equipment, renewable energy equipment, engineering and trade, modern manufacturing and service industry, and emerging industry. The fact that TISCO joined China Baowu has expanded cooperation potential between two companies. DEC will closely work together with TISCO, as what they always do, to conduct R&D of new type and energy conservative power station equipment, to foster new markets, to boost high-end manufacturing industry, and to drive China’s economy with green technologies
The agreement was signed by Chai Zhiyong and Wang Jun as representatives of two sides.