- Joint Venture for stainless long steel in China
- Focus on production of drawn bright bars
- Addressing market segments with excellent growth potential
SCHMOLZ + BICKENBACH, a global leader in special long steel, and TSINGSHAN GROUP (“TSINGSHAN”), a world leader in stainless steel, today announced the formation of a Joint Venture (“JV”) in China. The JV company is 60 percent owned by SCHMOLZ + BICKENBACH and 40 percent by TSINGSHAN and will operate under the name Shanghai Xinzhen Precision Bar Co. Ltd. out of Shanghai (China).
By creating the JV, SCHMOLZ + BICKENBACH and TSINGSHAN share the common ambition of further growth in the Chinese stainless long steel market. The combination of SCHMOLZ + BICKENBACH’s technical know-how with TSINGSHAN’s strong market position in China creates a world-class supplier of special bright bars that is able toRead more