Trade Resources Industry Views Galvanized Auto Sheet JV Will Be Built by Ansteel and Xichang Steel & Vanadium

Galvanized Auto Sheet JV Will Be Built by Ansteel and Xichang Steel & Vanadium

Tags: steel, metallurgy

Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) has announced that its board of directors have approved a joint venture project for the construction of a high-strength galvanized automotive sheet production line in Chongqing, Sichuan Province together with Sichuan-based Chinese steel producer Pangang Group's subsidiary Xichang Steel and Vanadium Co.

The project will involve the construction of a 1,650 mm high-strength galvanized automotive sheet production line with an annual capacity of 450,000 mt. The registered capital for the joint venture will be RMB 100 million ($16.49 million), with each side to contribute half of the total.

 

Source: http://www.steelorbis.com/steel-news/latest-news/ansteel-and-xichang-steel--vanadium-to-build-galvanized-auto-sheet-jv-804783.htm
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Ansteel and Xichang Steel & Vanadium to Build Galvanized Auto Sheet JV
Topics: Metallurgy