# ATI and Tsingshan form stainless steel joint venture

ATI and an affiliate of Tsingshan Group have reached a definitive agreement to form a 50-50 joint venture to manufacture and sell 60-inch wide stainless sheet in North America. The JV will restart the DRAP finishing facility in Midland, PA, adding 100 jobs. First shipments are expected in early 2018.

- Type: Acquisition
- Announced: 2017-11-02
- Where: Midland, Pennsylvania, United States
- Jobs: 100
- Status: announced
- Products: 60 inch-wide stainless sheet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Allegheny Technologies Incorporated](https://endata.com/companies/25823.md) (partner)
- [Tsingshan Group](https://endata.com/companies/27801.md) (partner)

## Sources

- [ir.atimaterials.com](https://ir.atimaterials.com/news-events/news-details/2017/ATI-and-Tsingshan-to-Form-Innovative-Stainless-Steel-Joint-Venture/default.aspx), 2017-11-02: "Allegheny Technologies Incorporated today announced that it has reached a definitive agreement to form an innovative 50-50 joint venture with an affiliate company of Tsingshan Group."

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