Tag «Joint Venture»

Nippon Steel: Start of Commercial Operation of Steel Sheet Joint-Venture in Vietnam

Nippon Steel & Sumitomo Metal Corporation and China Steel Corporation  reached agreement, in August 2008, to establish China Steel Sumikin Vietnam Joint Stock Company (“CSVC”) for the manufacture and sale of cold-rolled steel sheet, hot-dip galvanized steel sheet, electrical steel sheet and other flat-rolled products, and have been subsequently pushing the construction and startup of …

Mechel and Belaz Create Joint Venture ElgaBelAvto

Moscow, Russia — June 10, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, and BelAZ OAO announce signing an agreement to create a joint Russo-Belarusian venture ElgaBelAvto OAO for technical maintenance and repairs of BelAZ mining dump trucks in the Republic of Sakha (Yakutia). The enterprise’s facilities will …

Nippon Steel – Study on the Possible Establishment of a Joint Venture to Manufacture and Sell Automotive Flat Steel Products in Indonesia

Nippon Steel & Sumitomo Metal Corporation (hereinafter “NSSMC”) (Chairman & CEO: Mr. Shoji Muneoka) and PT Krakatau Steel (Persero) Tbk (hereinafter “PTKS”) (president director: Mr. Irvan Kamal Hakim) have agreed to conduct a detailed study to jointly launch a business for the manufacture and sales of automotive flat steel products in Indonesia (hereinafter, referred to …

BHP Billiton to sell interest in East and West Browse Joint Venture

December 12, 2012 BHP Billiton has signed a definitive agreement with PetroChina International Investment (Australia) Pty Ltd to sell its 8.33 per cent interest in the East Browse Joint Venture and 20 per cent interest in the West Browse Joint Venture, located offshore Western Australia, for a cash consideration of US$1.63 billion. The transaction is …