The Xiangtan Electric Power Phase II High-Performance Grain-Oriented Silicon Steel Project officially signed a contract with Shanli Shares.

On the morning of July 25, Huangshi Shanli Technology Co., Ltd. (hereinafter referred to as Shanli Shares) and Chongqing Wangbian Electric (Group) Co., Ltd. (hereinafter referred to as Wangbian Electric) conducted item-by-item consultations and communications on the commercial and technical terms of the Phase II high-performance grain-oriented silicon steel project in Wuhan, and reached a consensus. Li Yunchen, chairman of Shanli Shares, and Yang Zeming, chairman of Wangbian Electric, officially signed the agreement. High-performance grain-oriented silicon steel is the future development direction of China's electrical steel industry, and it is also an urgent need to meet the energy efficiency upgrade of China's transformers. Wangbian Electric, as one of the largest transformer manufacturers in Southwest China, has been planning its core competitiveness since 2016 and implementing a development strategy that extends its product line upstream and downstream. This aims to fundamentally solve the long-term problem of grain-oriented silicon steel procurement and establish a "one-stop" business model covering grain-oriented silicon steel production, core processing, and transformer manufacturing. Under the guidance of national industrial policies and with the approval of the Changshou Economic and Technological Development Zone, Shanli Shares undertook the construction of the first grain-oriented silicon steel (1050mm) production line in Southwest China for Wangbian Electric, achieving Wangbian Electric's first development goal. Since 2018, Wangbian Electric has once again made efforts to accelerate the construction of the Phase II high-performance grain-oriented silicon steel project. The technical teams of Shanli Shares and Wangbian Electric have conducted dozens of exchanges and communications on technical solutions to ensure the standard configuration and engineering quality of the equipment. Through Wangbian Electric's public bidding, Shanli Shares successfully won the bid with its engineering design and manufacturing technology advantages. The construction of the Phase II high-performance grain-oriented silicon steel project has laid an important foundation for the secondary take-off of Wangbian Electric. At the same time, the sincere cooperation between the two parties will also play a positive role in improving the overall equipment level and product quality of private grain-oriented silicon steel. Next, Shanli Shares will dispatch a strong project team to fully implement the project, providing Wangbian Electric with high-standard, high-quality production equipment and efficient services. This will also serve as an opportunity to consolidate and expand Shanli Shares' achievements and advantages in this field.