Wangbian Electric

Wangbian Electric (Wangbian Dianqi) announced a low-iron-loss high-magnetic-induction silicon steel core intelligent manufacturing project, adding 30,000 tonnes/year of silicon steel core processing capacity and 20,000 tonnes/year of shearing capacity. The project is expected to be completed and operational by March 2023.

Wangbian Electric is building an 80,000-tonne high-end magnetic material project; domestic equipment expected by June 2023 adding 20,000-30,000 tonnes/year capacity, key imported equipment by June 2024 adding 50,000-60,000 tonnes/year, full production by 2025.

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.