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China Oriental Group and ArcelorMittal to form two joint ventures in China · Endata

◂ Announcements

Oct 16, 2024PARTNERSHIPChina, China

China Oriental Group and ArcelorMittal to form two joint ventures in China

China Oriental Group and ArcelorMittal signed agreements on October 16, 2024 to establish two 50/50 joint ventures in China: an upstream JV to produce hot-rolled substrate and a downstream JV to produce new-energy soft magnetic materials.

Value

$1.84B

Status

Announced

Productshot-rolled substratenew-energy soft magnetic materials

CompaniesChina Oriental Group ArcelorMittal partner China Oriental Group partner

Sectors#Steel and Metal Products

“公司及 ArcelorMittal 已同意携手建立合营公司，通过订立合营企业协议及同意其他安排，从而于中国软磁材料的低碳生产中获益。”beta.zhitongcaijing.com

2 sources
beta.zhitongcaijing.com中国东方集团(00581)拟与ArcelorMittal成立合营企业Oct 16, 2024
sullcrom.comS&C Advises China Oriental Group on Joint Ventures with ArcelorMittal | Sullivan & Cromwell LLPOct 25, 2024

Summarized from public sources; check the original articles before acting on it.

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Nov 5, 2024NEW FACILITYChina, China
China Oriental Group and ArcelorMittal to build two flat steel plants in China
ArcelorMittal partner China Oriental Group partner steelorbis.com
Oct 16, 2024PARTNERSHIPTangshan, Hebei Province; Changzhou, Jiangsu Province, China$2.66B
ArcelorMittal and China Oriental Group form $2.66B joint ventures for steel and NEMM
ArcelorMittal partner China Oriental Group partner bakermckenzie.com
Oct 16, 2024PARTNERSHIP
China Oriental Group and ArcelorMittal plan joint ventures for steel and soft magnetic materials
ArcelorMittal partner China Oriental Group partner news.futunn.com
Jun 7, 2020ACQUISITIONChina$9.03M
China Oriental Group to acquire 15% stake in power equipment maker Huitong
China Oriental Group Jinxi Steel beta.zhitongcaijing.com
Oct 10, 2019ACQUISITIONFangchenggang, China$205.0M
China Oriental Group subsidiary to acquire steel and iron capacity for CNY1.452 billion
China Oriental Group acquirer Fangchenggang Jinxi acquirer beta.zhitongcaijing.com

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