Baosteel, Baowu Aluminum and Kobe Steel form automotive aluminium JV

Baoshan Iron and Steel (Baosteel), Baowu Aluminum, and Kobe Steel have formed a joint venture, Kobelco Baosteel Automotive Aluminum Rolled Products, to produce aluminium sheets for automotive manufacturers in China. Kobe Steel holds 50%, Baosteel and Baowu Aluminum jointly hold 50%. Registered capital is RMB 900 million ($125 million). Production facilities are planned in Tianjin and Henan province.

“This strategic partnership reflects a growing trend of international collaboration to meet the rising demand for automotive materials.”news.metal.com

• 1 source
• news.metal.comChina’s Baosteel, Baowu Aluminum, and Japan’s Kobe Steel unite for automotive aluminium sheet manufacturing - Shanghai Metals Market (SMM)Aug 12, 2024

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