In 25 September, Sinosteel Mechanical Equipment Co., LTD. (SINOSTEEL MECC), Taier Heavy Industry Co., LTD. (TAIER) and Administration commission of Maanshan Economic and Technological Development Area have entered into an investment contract on “Long-Material Intelligent Manufacturing Project”, marking the official commencement of Sinosteel Nuotai Long-Material Intelligent Manufacturing Project.
▲Signing ceremony
The leaders and guests attended the signing ceremony are Mr. Yuan Fang, Deputy Party Secretary of Maanshan and Mayor of Maanshan Municipality; Mr. Wu Jin, member of Ma’anshan Municipal Standing Committee and Executive Deputy Mayor; Mr. Liu Andong, Deputy Party Secretary, Board Director and CEO of Sinosteel Corporation, Mr. Gu Jianguo, former CEO of Magang (Group) Holding Co., Ltd. and Chairman of Maanshan Iron & Steel Co., Ltd. (Masteel); Ms. Gong Yuzhi Deputy Director of Administration commission of Maanshan Economic and Technological Development Area; Mr. Hu Jianping, Director of Maanshan Municipal Development and Reform Commission; Mr. Lu Pengcheng, Deputy General Manager of Sinosteel Corporation, Party Secretary and Chairman of SINOSTEEL MECC; Mr. Tai Zhengbiao, Chairman and CEO of Taier Heavy Industry Co., LTD. (TAIER), Mr. Tang Faqi, Director of Rolling Department of SINOSTEEL MECC and CEO of Sinosteel Nuotai; and Mr. Tai Zipeng, Deputy Chairman and Vice General Manager of TAIER etc.
▲Mr. Yuan Fang, Deputy Party Secretary of Ma’anshan and Mayor of Ma’anshan Municipality
▲Mr. Wu Jin, member of Ma’anshan Municipal Standing Committee and Executive Deputy Mayor
▲Mr. Liu Andong, Deputy Party Secretary, Board Director and CEO of Sinosteel Corporation
▲Mr. Gu Jianguo, former CEO of Magang (Group) Holding Co., Ltd. and Chairman of Maanshan Iron & Steel Co., Ltd. (Masteel)
▲Ms. Gong Yuzhi Deputy Director of Administration commission of Maanshan Economic and Technological Development Area
▲Mr. Hu Jianping, Director of Maanshan Municipal Development and Reform Commission
▲Mr. Lu Pengcheng, Deputy General Manager of Sinosteel Corporation, Party Secretary and Chairman of SINOSTEEL MECC
▲Mr. Tai Zhengbiao, Chairman and CEO of Taier Heavy Industry Co., LTD. (TAIER)
▲Mr. Tang Faqi, Director of Rolling Department of SINOSTEEL MECC and CEO of Sinosteel Nuotai
▲Mr. Tai Zipeng, Deputy Chairman and Vice General Manager of TAI
Prior to signing ceremony, Mr. Yuan Fang, Deputy Party Secretary of Ma’anshan and Mayor of Ma’anshan Municipality exchanged in-depth with bilateral enterprise representatives and attentively learned the development of SINOSTEEL CORPORATION from MR. Liu Andong, CEO of SINOSTEEL. Mr. Lu Pengcheng, Chairman of SINOSTEEL MECC and Mr. Tai Zhengbiao, Chairman of Taier Heavy Industry Co., LTD. (TAIER) have introduced the project plan and prospect.
SINOSTEEL-TAIER Long-Material Intelligent Manufacturing Project, a total investment of about CNY500 million, will be committed to R&D, manufacturing, sales and service of intelligent equipment made from metallurgical long material, with main businesses of advanced Thermo-Mechanically Control Process (TMCP) technology and supporting hot rolling mill, cooling technology and new intensive pressure water cooling installations. Technically, the project, with TMCP technology taking the lead in meeting the new national standard (GB/T1499.2-2018), has developed a new generation of 500MPa rolling technology and new ultra-high-speed rolling equipment, which can replace waste-heat production process adopted abroad, in favor of promoting China’s metallurgical industry on the green, environmentally friendly and quality development. The application of TMCP technology and hot rolling mills integrating of process, equipment and electrical control can advance product grain size by two grades and decrease the cost of steel production by 100 yuan per ton by dispensing with addition of expensive microalloying elements such as vanadium, niobium and titanium and reducing usage of Mn-steel alloy from 1.4% to 0.6% per tonnage production. The market is expected to be about 150 billion yuan for upgrading and new construction of bar and wire production line. In terms of talents, the core members of the project team have been working in the field of long materials for more than 20 years and have served as senior experts and technical leaders in large-scale research institutes in the industry. The team boasts more than 100 patents with the advanced rolling process in the field of long materials and has developed independent intellectual property rights for core equipment.
▲Exchanges between Mr. Yuan Fang, Deputy Party Secretary of Ma’anshan and Mayor of Ma’anshan Municipality and MR. Liu Andong, CEO of Sinosteel Corporation
Mr. Tai Zhengbiao, Chairman of Taier Heavy Industry Co., LTD. (TAIER) remarked that, advancing from the manufacture of single products to metallurgical long materials, Sinosteel Nuotai Long-Material Intelligent Manufacturing Project is the deepening and execution of the company’s strategy; is an important initiative for forging the industry chain, eco-chain, innovation chain and value chain by enriching and advancing products based on TAIER’s six major businesses of complete equipment, core equipment, core spare parts, surface technology, remanufacturing and general contracting services; embodies TAIER persistent adherence to its corporate mission of “Leading the industry technology, Promoting the industry development” and corporate spirit of “Diligent management, Excellence pursuit”; is the practice of TAIER intensively development of metallurgical intelligent manufacturing, intelligent products, intelligent management, promotion of complete sets of technology upgrading, personnel training, international market tapping and return on investment; and is the responsibilities of promoting quality development and go-global development of China’s metallurgical industry as TAIER fundamental task in 100 years.
▲Mr. Tai Zhengbiao, Chairman of Taier Heavy Industry Co., LTD. (TAIER) introduces the project prospect
Background information:
Sinosteel Mechanical Equipment Co., LTD. (SINOSTEEL MECC) is a subsidiary under Sinosteel Corporation (abbreviated as Sinosteel), a central enterprise under the administration of the State-Owned Assets Supervision and Administration Commission. It is devoted to building an internationally renowned engineering contractor with core competitiveness. As a well-known engineering and technology company in China, SINOSTEEL MECC has made outstanding contributions to the development of China’s steel industry. It has undertaken more than 500 overseas key construction projects contracted by major domestic steel companies. As the earliest participant in “Going-out” and “Belt and Road” initiative, the company is widely recognized of a high reputation in the overseas metallurgical engineering market, and has successively created a number of “maximum scale” records among Chinese enterprises engagement in overseas engineering contracting and metallurgical equipment exports. Many overseas projects assumed by SINOSTEEL MECC have been rewarded of National Quality Engineering Award.
Sinosteel Corporation (abbreviated as Sinosteel) is a large multi-national enterprise with clear-defined core businesses that integrate resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry and other strategic emerging industries.