| • | Plant will produce 600,000 tons of cold strip per annum |
| • | Designed to produce stainless steels of AISI grade series 200 and 300 |
| • | Scheduled for commissioning mid-2014 |
Siemens Metals Technologies has received an order from Beihai Chengde Stainless Steel Co. (Beihai Chengde), China, to supply a Power X-HI type, five-stand, continuous tandem cold rolling mill and a heavy laser welding for the Beihai plant in Guangxi Province. The rolling mill will have a capacity of 600,000 tons of cold strip per annum, and will be designed to produce AISI grades series 200 and 300. The order value is in the double-digit million euro range. The new rolling mill is scheduled to be commissioned in the middle of 2014. This is the third order that Siemens has received from China for a Power X-HI rolling mill for stainless steels.