Shougang Century signs non-binding agreement for potential joint venture with Cordenka

Shougang Century Holdings Limited signed a non-binding cooperation intent agreement with Meili Realm Capital, controlling shareholder of Cordenka GmbH & Co. KG, to explore a joint venture combining steel cord and industrial rayon products for the tire market. No final transaction has been agreed.

“The announcement represents an expression of strategic intent, not a completed joint venture or acquisition.”polyestertime.com

• 1 source
• polyestertime.comShougang Cordenka Joint Venture Signals Powerful Growth 21Aug 20, 2026

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