Angang Steel to develop 250ktpa coal tar processing project
2023-08-24 11:32:01 [Print]
Angang Steel announced that its wholly-owned subsidiary Angang Chemical Technology Co., Ltd. entered into an agreement on August 23 with Panzhihua Steel Vanadium Co., Ltd. and Xichang Steel and Vanadium Co., Ltd. to set up a joint venture for developing the 250,000tpa coal tar processing project in Panzhihua, Sichuan.
The proposed joint venture, Angang Panzhihua Chemical Technology, will have a registered capital of RMB180 million (USD24.71 million), and Angang Chemical Technology will invest RMB108 million (USD14.83 million) to get a 60% stake.
The proposed joint venture, Angang Panzhihua Chemical Technology, will have a registered capital of RMB180 million (USD24.71 million), and Angang Chemical Technology will invest RMB108 million (USD14.83 million) to get a 60% stake.
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