# 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.

- Type: Partnership
- Announced: 2026-08-17
- Status: rumored
- Products: steel cord, industrial rayon, tire reinforcement materials
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Shougang Century Holdings](https://endata.com/companies/93635.md) (partner)
- [Meili Realm Capital](https://endata.com/companies/93702.md) (partner)
- [Cordenka GmbH & Co. KG](https://endata.com/companies/93703.md) (partner)

## Sources

- [polyestertime.com](https://www.polyestertime.com/shougang-cordenka-joint-venture/), 2026-08-20: "The announcement represents an expression of strategic intent, not a completed joint venture or acquisition."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.