OREANDA-NEWS. November 30, 2011. TISCO Group and Shaanxi Nonferrous Metal Holding Group Co., Ltd. (hereinafter referred to as "Shaanxi Nonferrous Group") signed a strategic cooperation agreement, Taigang Stainless Steel Co., LTD. and Baoji Titanium Industry Co., LTD. (hereinafter referred to as the " Baotai Industry") which belong to the two above companies respectively signed an agreement for establishing Shanxi Baotai New Metal Development Co., LTD. According to the agreement, both parties will focus on strategic resource development and "titanium-stainless steel" industry for further cooperation. This is a major step for TISCO implementing strategy deployment of the transition development and creating new material industry base, reported the press-centre of TISCO.

Vice Director of SASAC of Shanxi Province Zhu Chengji, member of municipal party standing committee of Taiyuan and deputy mayor Zhang Jinwang, president of Shaanxi Nonferrous Group and Baitai Group Huang Xiaoping, general manager of Shaanxi Nonferrous Group Wang Hanchen, general manager of Jinmu Group and president of Jinmu Co. Ltd. Zhang Jixiang, general manager of Baotai Group and President of Baitai Co., Ltd. Zou Wuzhuang, general manager of Baotai Co., Ltd. Jia Shuanxiao, deputy general manager of Baotai Group Lei Rangqi, chief accountant of Baotai Co., Ltd. and the secretary of the board of directors Zheng Haishan, general manager assistant of Baotai Co., Ltd Yan Ping, TISCO leadership Li XiaoBbo, Gao Xiangming, Liu Fuxing, Hou Jinping, Zhou Yizhou, Chai Zhiyong, Han Zhentang, Zhang Zhifang, Yang Guilong and ralated functional department chiefs from the contracting parties attended the signing ceremony.

The signing ceremony was held by Mr. ZhouYiZhou, the vice general manager of TISCO Group.

Vice secretary of Shanxi Provincial Party Committee and Governor Wang Jun sand a congratulation letter, delivering warmly congratulates for the strategic cooperative agreement by TISCO and Shaanxi Nonferrous Group, and the company set up joint by the sub-companies of two parties.

TISCO President Li Xiaobo said in his speech, the signing of the  two agreements is the result of deepen cooperation and mutual development between two enterprises, but also the achievements of concern and support by the leaders from both Shanxi and Shaanxi provinces, Xi’an and Taiyuan cities. The comprehensive cooperation with such a strong partner like Shaanxi Nonferrous Group on metal materials processing area, TISCO will surely get fruitful result, at the same time, the cooperation prospect in technology, trade, resources and other aspects will be widely. He wished that the two parties could write a new chapter of the powerful combination and create a new situation of win-win cooperation by sincere cooperation and common efforts.

Huang Xiaoping, on behalf of Shaanxi Nonferrous Group, delivered a speech. He said, TISCO and Shaanxi Nonferrous Group are leaders in stainless steel and titanium industry, and have made extensive exchange and cooperation in product R & D and market development for many years. This time we join hands again, the two sides will make full use of advantages of equipment, technology and product, further expand the cooperation scope and depth, constantly improve each industry chain, obtain greater achievements in mine resources development, raw material supply, metal processing products and technologyR & D and other aspects, and inject new vitality to the local economy.

Zhang Jinwang, on behalf of Taiyuan Municipal Party Committee and the City Government, released a statement. He said TISCO is a pioneer in Shanxi industrial enterprises, has made an important contribution for the economic development of Taiyuan city. He believed under the joint efforts of both sides, cooperation in Taiyuan city between TISCO and Shaanxi Nonferrous Group will have great achievement and better prospect.

TISCO General Manager Gao Xiangming and Shaanxi Nonferrous Group General Manager Wang Hanchen on behalf each side signed in the strategic cooperation agreement, General manager of Taigang Stainless Steel Co., LTD. Liu Fuxing and General manager of Baotai Industry Jia Shuanxiao on behalf each side signed in the capital contribution agreement.