Japan's Sumitomo, China Baosteel, FAW seal JV -paper

Newswire

SHANGHAI, June 22 (Reuters) - Japan's Sumitomo Corp will set up a venture with steelmaker Baosteel and carmaker First Automotive Works to process and distribute steel for China's booming vehicle industry, a state newspaper said on Sunday. The joint venture, with an investment of 176 million yuan ($21.26 million), could herald more tie-ups but aimed to start by providing steel processing and distribution for FAW, the country's top automaker, the Liberation Daily reported. "As our ...

Premium Content (PAID Subscription Required)

"Japan's Sumitomo, China Baosteel, FAW seal JV -paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×