Wangbian Electric to build 80,000tpy magnetic new material project
2022-06-17 15:07:26 [Print]
Wangbian Electric announced on June 16 that the company plans to invest about RMB835 million (USD125 million) in building the 80,000tpy high-end magnetic new material project, which will mainly produce high magnetic induction oriented silicon steel
. After completion, the project can meet the national demand for energy saving and consumption reduction, and make up the insufficient supply of high performance oriented electrical steel for transmission and distribution of the company.