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Bengang Steel Plates to invest RMB 30.6 milion in jointly setting up a new JV-金属展-冶金展-2025广州巨浪国际金属暨冶金工业展览会-巨浪展
览-2025 China (Guangzhou) Int'l Metal & Metallurgy Industry Exhibition
3/31/2025 金属展-冶金展-钢铁展-steel expo-metal & metallurgy expo |
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Liaoning province-based Chinese major steelmaker Bengang Steel Plates Co.. Ltd. has announced that it plansto set up a joint venture with Liaoning province-based Ansteel Green Gold Industry Development Co., Ltd., witha temporary company name of Green Gold (Benxi) Recycling Resources Co., Ltd. Bengang Steel Plates willinvest RMB 30.6 milion ($4.3 milion) and hold 51 percent equity of the new Jv, while the overallinvestment bytwo parties will amount to RMB 60 million ($8.4 million).
According to the announcement, the establishment of this JV will accelerate the company''s layout innortheastern China, aiming to control the source resources. The new JV could utilize Ansteel Green Goldindustry Development''s existing scrap base, while reconstructing the resource network based on thedemanding material type, which willincrease the company''s supply channels of scrap, to ensure the continuousand stable supply of scrap resources.
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