Sichuan Province-based Chinese state-owned steel producer Panzhihua Iron and Steel (Pangang Group) has announced that it has signed an agreement with Sichuan-based CSR Meishan Rolling Stock Co. regarding cooperation in the fields of production, technology and markets.
According to the cooperation deal Pangang will supply high-strength, anti-corrosion light steel to CSR Meishan and will provide high-quality service and favorable prices during the cooperation. In return, CSR Meishan will choose Pangang as its main supplier. CSR Meishan Rolling Stock Co., which is a subsidiary of Beijing-based CSR Corporation Limited (CSR), produces and manages high-speed, heavy-load special railway vehicles and railway vehicle brakes in China.