Home News Industry dynamics Austrian steel joint group invest 35 million euros for building steel mill in Tianjin China

Industry dynamics

Austrian steel joint group invest 35 million euros for building steel mill in Tianjin China
  • 2017-02-28

This is Cong Shine one of stainless steel supply in China. Now let us share steel industry news with you. Austrian steel joint group plan to register  the steel metal manufacturing (tianjin) co., LTD

 in jing-bin industrial park Tianjin China .The head office decided to invest a total investment of 35 million euros on this project. It covered an area of 30 acres. The main production including stainless steel material is for German Benz, BMW and other high-end automobile AB column, the anticollision beam and tesla motor rotor, and other products.It is expected to begin at the end of 2017.An annual output value is around 400 million yuan. And the production output value will reach 8, 1 billion yuan in 2022.According to introducing, Austria integrated iron and steel group is the largest enterprises in Austria. It is the world top 500 enterprises and more than 500 subsidiaries in worldwide. The global iron and steel enterprise competitiveness ranked seventh in 2016. We also belive we will co-operate with them if they have advantage in stainless steel material. As one of reliable stainless steel supply, Cong Shine believer more and more clients will choose us due to our reputation .

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