Shougang Group to enhance the expansion of overseas business to new achievements, December 5, the first company and the Malaysian Association German holding company partners, investment, East Steel in East Malaysia Terengganu Special Economic Zone, Camarines pull construction steel plant project in the foundation started, a project was officially launched. This is the Shougang Group for the first time in the overseas investment to build an integrated steel mill, after the completion of an annual output of 1.5 million tons after the completion of all projects planned annual production capacity of up to 300 tons.
Chinese Ambassador to Malaysia Chai Xi, the leadership of the Shougang Corporation Zhu Jimin, Xu Jianguo, Malaysia, the local government officials attended the ceremony.
Shougang Group to respond positively to the Chinese steel industry "going out" strategy, efforts to open up the iron and steel projects of Southeast Asia and other countries and regions. As Shougang, the first company wholly-owned subsidiary specializing in overseas investment business in the contracting of overseas projects, identify the great potential for development of the Malaysian steel industry, and actively carry out the contract development work on the integrated steel mill project in the East Steel. Completed in the pre-feasibility study report, preliminary design plan and the local government's approval, the project of Shougang Corporation approved by the Board of Directors on April 26, 2011 in the first building and integrated steel mills of the shares of Malaysia East steel, July 8 Malaysia has signed a letter of intent, Malaysia's integrated steel mills project signing ceremony was held with the Malaysian Association Tak Holdings Limited, East Iron and Steel Group Co., Ltd., the Oriental Steel Investment Co., Ltd., Chinaco July 22 and September 27 Municipal Development and Reform Commission for approval. November 10, the first company signed with the Beijing Industrial Design and Research Institute of Malaysia East Steel Group a 150 tons / year integrated steel mill EPC contract ".
According to reports, the company has a 40% stake in East Steel Corporation, and the joint controlling shareholder of East Iron and Steel Group Association Germany, East steel into Southeast Asia, only one process fully integrated steel plant. Contains the material field, coking, sintering, iron making, steel making, Slab Caster and all supporting facilities design, equipment supply, civil construction, equipment installation and production technology services project.
It is reported that the Malaysian Government for providing a series of preferential policies. Shougang will fully make good use of special policies and conditions in Malaysia, works all do a good job playing role model, and a leading role in the project. Shougang will build on the integrated steel mill project of the Malaysian East steel into the ASEAN market, to further enhance the the Shougang brand overseas influence