Sign In  |  Join Free  |  Contact |  Help

Home > News > Raw Materials > Nippon Steel, Wuhan Steel launch JV

Nippon Steel, Wuhan Steel launch JV

By Unknown , 2011-11-07 12:00:00

Share to:


China's Wuhan Iron and Steel (Group) Corp and Japan's Nippon Steel Corp announced the launch of a new joint venture on Nov. 3rd, 2011.

The steelmakers each have a 50-percent stake in a new tin plate plant in Wuhan, the capital of central China's Hubei province, built at a total cost of 1.85 billion yuan ($291 million), according to a joint statement issued by the companies.

The plant is expected to start operation in the summer of 2013. The tin plates will be used to make cans for food and beverages, as well as for products like paint, oil and medicine.

The joint venture is a "major move," as both companies are joining hands amid a grim global economy and fierce market competition, Shoji Muneoka, president of Nippon Steel, said at a launching ceremony for the joint venture.

Remark on News

Overall Rating0 reviews

  • 0 People
  • 0 People
  • 0 People
  • 0 People
  • 0 People

Evaluate the Details

Overall Rating:
Click the stars of the show rated
logo

Free Submit for Publication

Fastener News,Import & Export Statistics Reports,Industrial Actives,Exhibition,Forum etc.are welcome

word,image,excel,txt,pdf,rar,zip only