On 28th, Wuhan Pingmei Wisco Joint Coking Company was established.
Chen Jiansheng, board chairman of Henan Pingdingshan Coal Company (Pingmei), said in a speech, “The establishment of the joint company is an important step for both companies’ further cooperation and construction of economic union. The new company will help Pingdingshan Coal to expand the coking capacity and the product mix, and construct new type energy chemistry group. On the other side, the new coking company will secure the raw material supply for Wisco (Wuhan Iron and Steel Company), and help strengthening and lifting the influence in the iron and steel industry.”
Li Chunming, vice governor of Hubei Province, said, “Wisco has advantages on professionals, fund and technology, while Pingmei is one of the largest coking coal production base, with the fullest specifications. The strategic cooperation of the two is in accord with the national industry policy, and is a win-win cooperation and helps both companies’ sustainable development. Hubei provincial government will support the new company and provide good services.”