October 07, 2008

CMC acquired a German stainless service center officially

It is reported that China Minmetals Corporation has acquired a stainless steel service center in North of Germany officially and plans to expand its capacity in the next few years.

Business manager responsible for stainless steel department of Minmetals Germany, Mr Wolfgang Pentzek said that China Minmetals was managing distribution business of European steel through a warehouse in Antwerpen. There are no other spot goods’ trading places at present.

China Minmetals has acquired Siegfried Pilz Sottrum, a steel service center near Bremen of Germany, covering an area of 20,000 square kilometers. The monthly steel processing capacity of this steel service center at present reached to 1000 tonnes.

China Minmetals bought a site near this service center and planed to double Siegfried Pilz in the next 3 or 5 years in order to provide different processing services. The center will mainly purchase raw materials from China but at the same time they welcome other suppliers from other countries too.