Brief: China Oriental And Arcelormittal Conditionally Agree To Establish Upstream JV

China Oriental

16/10/2024 08:29

Oct 16 (Reuters) - China Oriental Group Co Ltd
 0581.HK :
    * CO AND ARCELORMITTAL CONDITIONALLY AGREED TO ESTABLISH
UPSTREAM
JV
    * JV TO ENGAGE IN PRODUCTION OF HRC SUBSTRATES AND OTHER
PRODUCTS
JOINTLY DETERMINED BY JV PARTNERS
    * CO AND ARCELORMITTAL DOWNSTREAM JV AGREEMENT
    * AMOUNT OF TOTAL INVESTMENT FOR UPSTREAM JV SHALL BE US$660
MILLION
    * JV PARTNERS CONDITIONALLY AGREED TO ESTABLISH DOWNSTREAM
JV TO
ENGAGE IN PRODUCTION OF NEMM PRODUCTS
    * AMOUNT OF TOTAL INVESTMENT FOR THE DOWNSTREAM JV SHALL BE
US$2
BILLION


Further company coverage:  0581.HK 

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