The Japanese steel company Kobe Steel Ltd. has signed a joint venture deal with the Chinese aluminum rolled products company Jiangsu ALCHA Aluminium Co. Ltd. to build and operate an aluminum manufacturing business in Baotou, Inner Mongolia, China.
The two companies expect to sign the final agreement in the spring of 2012, according to a news release on the Kobe Steel website (www.kobelco.co.jp/english).
The joint venture will be 80 percent owned by Kobe Steel and 20 percent owned by ALCHA. The joint venture will produce and sell aluminum coil and sheet for automobiles and beverage cans. Production capacity at the joint venture will be about 200,000 metric tons per year. The cost of the project will be around 2 billion RMB (US$315.2 million), and is expected to start up operations in 2015.
Aluminum sheet, from melting and casting to hot rolling and cold rolling, will be the main activity of the joint venture, according to the news release. In the hot-rolling and cold-rolling stages, the two companies plan to install equipment to produce aluminum coils.
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