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Kobe Steel Ltd to Establish Joint Venture with Angang Steel Co Ltd


Thursday, 17 Oct 2013 04:30am EDT 

Kobe Steel Ltd announced that it will establish a joint venture KOBELCO ANGANG AUTO STEEL CO., LTD. with Angang Steel Co Ltd. The joint venture capitalized at RMB 700 million will be engaged in the manufacture and sale of advanced high strength steel (AHSS) for automobiles in China. Kobe Steel will hold 49% stake and Angang Steel will hold 51% stake in the joint venture. The joint venture will start operation in early 2016. 

Company Quote

5.62
0.39 +7.46%
24 Nov 2014