Baowu Aluminum Technology

Kobe Steel and Baowu Aluminum Technology (subsidiaries of China Baowu Steel Group) have formed a joint venture, Kobelco Baosteel Automotive Aluminum Rolled Products Co., Ltd., to manufacture and sell aluminum panels for automakers in China. The joint venture was registered on January 9, 2025, with capital of approx. 1.0 billion yuan (approx. 20.0 billion yen).

Baoshan Iron & Steel, Baowu Aluminum Technology and Kobe Steel officially inaugurated their joint venture Kobelco Baosteel Automotive Aluminum Rolled Products Co., Ltd. in Shanghai. Kobelco holds 50%, Baosteel and Baowu Aluminium jointly own the remaining 50%.

Kobe Steel has signed a joint venture agreement with Baowu Aluminum Technology Co., Ltd. to form a new company, Kobelco Baosteel Automotive Aluminum Rolled Products Co., Ltd., integrating Kobe Steel's subsidiary in Tianjin with Baowu Aluminum's lines. The JV will manufacture and sell aluminum panels for automakers in China.

Kobe Steel announced it has begun formal discussions to form a joint venture with Baowu Aluminum Technology, a subsidiary of Baowu Steel Group, for automotive aluminum sheet manufacturing and sales in China. The aim is to establish the JV within 2024.