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Voestalpine's $180 million Yinchuan plant
Workers at Voestalpine's plant [Photo / voestalpine.com] |
Austrian steel-based technology company Voestalpine AG announced in October it has decided to invest about $180 million to build a new plant in China.
Voestalpine will construct the plant in the city of Yinchuan in the Ningxia Hui autonomous region together with Chinese multi-industry company Kocel Machinery Co Ltd, to produce premium steel products for the Chinese market.