Kunming Iron & Steel to construct demonstration parks abroad
2018-08-31 15:35:28 [Print]
In recent years, Kunming Iron & Steel optimizes state-owned capital layout and undertakes the responsibilities of "One Belt One Road". Besides promoting global cooperation on production capacity, the company also accelerates its internationalization process.
On 14 April, 2016, Kunming Iron & Steel established Yunnan Yongle Overseas Investment Co., Ltd. as an important platform for international cooperation on production capacity, by which the company introduced overseas resources, implemented its internationalization strategy and did foreign trade business.
Yunnan Yongle Overseas Investment Co., Ltd. has collected relevant data from different channels and investigated nations along the "One Belt One Road" and African countries that are of great market capacity, rich resources, fast-developing economy, stable political situation and weak industrial foundation since 2016 and preliminarily listed 9 nations as key targets of investment. In 2017, Kunming Iron & Steel decided to invest in Bangladesh, Cambodia and Myanmar with the general idea of constructing overseas iron & steel international production capacity cooperation demonstration parks.
Currently, Kunming Iron & Steel plans to construct Sino-Bangladesh iron & steel international production capacity cooperation demonstration park and 2mt complete process flow steel mill project, Sino-Cambodia international production capacity cooperation industrial park-Cambodia Preah Vihear Province Rovieng Iron Mine and 1mt complete process flow steel mill project and Sino-Myanmar international production capacity cooperation demonstration park and 2mt complete process flow steel mill project. All preparation work is underway in an ordered manner.
On 14 April, 2016, Kunming Iron & Steel established Yunnan Yongle Overseas Investment Co., Ltd. as an important platform for international cooperation on production capacity, by which the company introduced overseas resources, implemented its internationalization strategy and did foreign trade business.
Yunnan Yongle Overseas Investment Co., Ltd. has collected relevant data from different channels and investigated nations along the "One Belt One Road" and African countries that are of great market capacity, rich resources, fast-developing economy, stable political situation and weak industrial foundation since 2016 and preliminarily listed 9 nations as key targets of investment. In 2017, Kunming Iron & Steel decided to invest in Bangladesh, Cambodia and Myanmar with the general idea of constructing overseas iron & steel international production capacity cooperation demonstration parks.
Currently, Kunming Iron & Steel plans to construct Sino-Bangladesh iron & steel international production capacity cooperation demonstration park and 2mt complete process flow steel mill project, Sino-Cambodia international production capacity cooperation industrial park-Cambodia Preah Vihear Province Rovieng Iron Mine and 1mt complete process flow steel mill project and Sino-Myanmar international production capacity cooperation demonstration park and 2mt complete process flow steel mill project. All preparation work is underway in an ordered manner.
