December 03, 2008

Stone laid for Baosteel JV Nanjin Automotive Mould

It is reported that on March 28th 2008, the new factory of Nanjin Automotive Mould Company was founded. Baosteel Group, Shanghai Automotive Industry Group and Dong Hua Company laid its foundation at Nanjing Pukou high tech development zone.

Baosteel is the strongest steel production enterprise in China, Shanghai Automotive Industry Group is the strongest car manufacturing company in China, Dong Hua Company is the joint venture of Shanghai Automotive Industry Group and Nanjing Yuejin Group.

In order to further implement industrial development policies, and promote the development for the enterprises in the Yangtze River Delta, Baosteel and Shanghai Automotive Industry Group, Dong Hua Company formally signed cooperative agreement with Nianjin Automotive Mould Company on February 28th this year.

The total investment of the new factory of Nanjing Automotive Mould Company is CNY 432 million, the main equipments are introduced from abroad, it will construct 3 automation punch production lines with domestic first-class level and one welding pine with four gateway and two covers. It will provide the main parts for Shanghai Automotive Industry Group and Nanjing Automotive Group. It is expected to be put into operation by the end of September next year.