# Wangbian Electric signs 234M yuan contract for 80,000-tonne magnetic material project

Wangbian Electric signed a contract with CISDI Engineering for the design and supply of production line equipment for its 80,000-tonne high-end magnetic material project, valued at approximately 234 million yuan. The project involves building a new production line for high-performance oriented electrical steel, with a total investment of about 835 million yuan, and is expected to reach delivery status by June 30, 2023.

- Type: Contract
- Announced: 2022-07-20
- Where: China
- Value: $34.6M (234.0M CNY)
- Status: announced
- Capacity: 80,000 tonnes per year of high-performance oriented electrical steel
- Products: high-performance oriented electrical steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Wangbian Electric](https://endata.com/companies/64260.md)
- [CISDI Engineering Co., Ltd.](https://endata.com/companies/15261.md) (supplier)

## Sources

- [ggjd.cnstock.com](https://ggjd.cnstock.com/company/scp_ggjd/tjd_bbdj/202207/4925339.htm), 2022-07-20: "2023年6月30日前，中冶赛迪承揽的建筑及设备功能达到交付状态。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.