HBIS Group

HBIS won an exclusive contract to supply steel materials for the world's tallest power transmission tower (385 meters) as part of the Jiangsu Fengcheng–Meili 500KV Power Grid project in China.

HBIS Group and Posco signed an agreement to establish a joint venture in Hebei, China, to produce sheet metal for the high-end automotive market. The venture will use HBIS's cold rolling facility in Laoting, Tangshan. Financial details were not disclosed.

HBIS Group will acquire a 70 percent stake in Tata Steel's steel assets in Singapore, Thailand, Vietnam, Malaysia and other Southeast Asian nations for $327 million.

Harsco Corp.'s metals and minerals division signed a $247 million, 15-year contract with HBIS Laoting Steel, a subsidiary of HBIS Group, to provide onsite mill services and waste-to-resources technologies at a new steel mill in China.

ANDRITZ received an order from HBIS Group to supply two strip processing furnaces for its Laoting plant in Hebei, China. Furnace #1 is for a continuous annealing line (825,000 tons/year) and Furnace #2 for a hot-galvanizing line (412,000 tons/year). Production of the first coil is scheduled for Q1 2020.

HBIS Group Co Ltd bought the Smederevo steel mill in Serbia for €46 million ($53 million) in April 2016, turning the loss-making plant into profit within six months.