Chongqing Iron & Steel to disband joint venture with Puhang
2017-11-16 17:16:52 [Print]
Chongqing Iron & Steel released the progress of reconstruction on the evening of November 14th, noting that the company will disband Chongqing Puhang Iron & Steel Auto Sheet Co., Ltd., the joint venture which is established together with POSCO. Chongqing Iron & Steel and Puhang signed contracts on April 6th, 2016, agreeing to co-invest and establish a joint venture in Chongqing city, China.
Chongqing Iron & Steel reached agreement with POSCO on developing cold-rolled plate and galvanized plate projects through friendly negotiation on August 6th, 2015 and signed Cooperation Agreement on Cold-rolled and Galvanized Joint Projects.
Insiders revealed that the dismissal is one of the important measures for Chongqing Iron & Steel to make business adjustment. Invested and established by Siyuanhe Fund and Chongqing Zhanxin Fund as well as being the investor of Chongqing Iron & Steel’s readjustment, Changshou Iron & Steel will remake and readjust the iron and steel business of Chongqing Iron & Steel through taking measures step by step and in order to fundamentally remold Chongqing Iron & Steel’s industrial competitiveness just like a phoenix from the ashes. Chongqing Iron & Steel released the progress of reconstruction on the evening of November 14th that the company will disband the joint venture, Chongqing Puhang Iron & Steel Auto Sheet Co., Ltd. with POSCO. Chongqing Iron & Steel and Puhang signed contracts on April 6th, 2016 agreeing to co-invest and establish a joint venture in Chongqing city, China.
Chongqing Iron & Steel reached agreement with POSCO on developing cold-rolled plate and galvanized plate projects through friendly negotiation on August 6th, 2015 and signed Cooperation Agreement on Cold-rolled and Galvanized Joint Projects.
Insiders revealed that the dismissal is one of the important measures for Chongqing Iron & Steel to make business adjustment. Invested and established by Siyuanhe Fund and Chongqing Zhanhe Fund as well as being the investor of Chongqing Iron & Steel’s readjustment, Changshou Iron & Steel will remake and readjust its iron and steel business through taking measures step by step, gradually remolding Chongqing Iron & Steel’s industrial competitiveness fundamentally like a phoenix from the ashes.
Chongqing Iron & Steel reached agreement with POSCO on developing cold-rolled plate and galvanized plate projects through friendly negotiation on August 6th, 2015 and signed Cooperation Agreement on Cold-rolled and Galvanized Joint Projects.
Insiders revealed that the dismissal is one of the important measures for Chongqing Iron & Steel to make business adjustment. Invested and established by Siyuanhe Fund and Chongqing Zhanxin Fund as well as being the investor of Chongqing Iron & Steel’s readjustment, Changshou Iron & Steel will remake and readjust the iron and steel business of Chongqing Iron & Steel through taking measures step by step and in order to fundamentally remold Chongqing Iron & Steel’s industrial competitiveness just like a phoenix from the ashes. Chongqing Iron & Steel released the progress of reconstruction on the evening of November 14th that the company will disband the joint venture, Chongqing Puhang Iron & Steel Auto Sheet Co., Ltd. with POSCO. Chongqing Iron & Steel and Puhang signed contracts on April 6th, 2016 agreeing to co-invest and establish a joint venture in Chongqing city, China.
Chongqing Iron & Steel reached agreement with POSCO on developing cold-rolled plate and galvanized plate projects through friendly negotiation on August 6th, 2015 and signed Cooperation Agreement on Cold-rolled and Galvanized Joint Projects.
Insiders revealed that the dismissal is one of the important measures for Chongqing Iron & Steel to make business adjustment. Invested and established by Siyuanhe Fund and Chongqing Zhanhe Fund as well as being the investor of Chongqing Iron & Steel’s readjustment, Changshou Iron & Steel will remake and readjust its iron and steel business through taking measures step by step, gradually remolding Chongqing Iron & Steel’s industrial competitiveness fundamentally like a phoenix from the ashes.
