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.
