Three-Party Auto Steel Plate Joint Venture
Posted on: Sunday, 13 November 2005, 12:00 CST
According to fdi.gov.cn: A joint-venture auto plate plant co- founded by Bao Steel of China, Nippon Steel Corporation of Japan and Arcelor of Europe launched its production yesterday in Shanghai
. This is the first time that world-leading steel plants have come together to provide localized service for the Chinese auto industry which is now gaining the 3rd ranking in the world. The three-party joint venture has a total investment of 6.5 billion RMB and a registered capita of 3 billion RMB. It is 50%/38%/12% held by Bao Steel, NSC and Arcelor.Source: Info-Prod Research (Middle East)
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