www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Shougang starts venture project in Malaysia

Updated: 2011-12-06 09:34

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

KEMAMAN, Malaysia - In a move to dominate Southeast Asia's steel industry, China's State-owned steel maker Shougang Group launched a project on Monday to build a 1.8 billion ringgit ($574.25 million) integrated steel mill in Malaysia through a joint venture with local steel maker Hiap Teck Venture Berhad.

The steel slab plant would be built on a 1,200-acre land in Kemaman, an industrial city in the country's East Coast economic development region that has moderate iron ore reserves.

The project, called Eastern Steel, is the largest Chinese foreign direct investment to date in Malaysia.

The steel plant is estimated to produce 1.5 million tons of steel slabs annually, though Eastern Steel was given a license to make five million tons of steel products per year.

Shougang, ranked 325 in global Fortune 500, holds 40 percent of the Eastern Steel project while Hiap Teck controls 55 percent of the stakes.

"Chinese steel industry is suffering from overcapacity and that is why we venture abroad," Hu Bin, the president of Shougang Group, told the press before the plant's groundbreaking ceremony on Monday.

"The ASEAN (Association of Southeast Asian Nations) is a huge and developing market. I think the bloc has great potentials and we are tapping into it via Malaysia," Hu said.

"We decided to invest in Malaysia because we find it economically stable," he added, pointing out that the plant is strategically located next to a deep sea port for export.

40 percent of the products at the Eastern Steel mill are expected to be shipped to neighboring ASEAN countries, especially Indonesia and Thailand, which consume 4.13 million metric tons of steel slabs annually.

The ASEAN heavily relies on producers in eastern Europe for steel slabs but Shougang is optimistic to dominate the Southeast Asian market.

"The investment came at the right timing. The Eastern Steel mill would be a platform for us to examine and be familiarized with ASEAN," Hu told Xinhua.

"We are confident to become the largest steel slab exporters in the region but we also need to consider the risks," he said.

Operations at the plant are expected to start mid 2013.

David Law, deputy executive chairman of Hiap Teck, said his company remains cautious of the weak steel price as pressure of expensive raw materials loom, but the scenario would not last. "By the time construction of the plant completes, the economy should rebound," he said.

Hiap Teck, founded in 1987, is one of Malaysia's largest steel pipe makers.

Shougang is China's leading steel company with an annual crude steel output of above 30 million metric tons and a total annual reserve of $29 billion.

主站蜘蛛池模板: 高清一区二区三区免费 | 欧美另类精品一区二区三区 | 国产午夜三级 | 东京一区二区三区高清视频 | 特级毛片8级毛片免费观看 特级毛片免费观看视频 | 欧美日韩亚洲一区二区三区 | 国产激情视频网站 | 久久黄网| 成人软件18免费网站 | 免费国产不卡午夜福在线观看 | 一级做a爱过程免费视 | 成年女人午夜免费视频 | 中文字幕乱码无线码在线 | 欧美一级成人毛片影院 | 免费小视频在线观看 | 一区二区三区视频免费 | 午夜两性视频 | 国产美女一区二区在线观看 | 久久在线免费 | 欧美在线一级视频 | 欧美一区二区三区日韩免费播 | 免费国产午夜高清在线视频 | 精品国产成人高清在线 | 精品日韩二区三区精品视频 | 日本波多野结衣在线 | 国产日韩视频在线观看 | 免费成年网 | 欧美在线一级毛片观看 | 欧美成a人免费观看久久 | 色综合亚洲七七久久桃花影院 | 农村寡妇特一级毛片 | 欧美手机手机在线视频一区 | 在线不卡一区 | 美女张开腿让我桶 | 亚洲精品一区二区三区福利 | 久久tv免费国产高清 | 欧美日韩免费一区二区三区 | 久久99精品一级毛片 | 国产亚洲视频在线播放大全 | 波多野结衣中文在线播放 | 国产网友自拍 |