VAI postpone construction of special steel in China,special steel,steel strip

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VAI postpone construction of special steel in China

VAI CEO of Allianz Group Austria Wolfgang Eder (WolfgangEder) at the end of August

When accepting the Austrian Broadcasting Corporation interview that the group to postpone the new high-quality special steel production plant in northwest China plans new plant siting may change.

VAI in October 2014 with China Yinchuan Sharing Group (Kocel) signed a letter of intent, plans to invest 140 million euros and the latter in Yinchuan, Ningxia joint venture to build a high-quality special steel production plant. The plant designed annual capacity of 50 000 -7 tons, originally planned to start construction in 2015, at the end of 2017 put into operation, products mainly used in automobiles, construction machinery and consumer goods manufacturing.

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