Company joined forces to enter the northwest refractory material Market
In March 31st, the company issued the "on the use of funds to set up a joint venture capital investment company's announcement", the announcement will use the super fund and the establishment of a joint venture company, the production of steel refractories. The joint venture company named Inner Mongolia Baotou lier high-temperature materials Co., each invested 75 million yuan, accounting for 50% of the registered capital of the. The joint venture company's main business in the iron and steel industry with refractory materials, including chemical industry, non-ferrous metals, petrochemical, building materials, cement, ceramics and other high temperature industrial research and development, production and sales of refractory materials and project contracting, the company will be based in providing high quality refractory products and services under the premise of Baotou, create northwest region has become the refractory products the most complete varieties, the largest and highest grade of products of the first-class enterprises producing refractory materials".
The joint venture can use the advantages of technology and management of Beijing Montreal Steel shares market resources, complementary advantages, expand the company's market share and operation mode, to enhance the profitability of the company. An important step in the project implementation of the regional market layout for the company, is conducive to the expansion of the Northwest market of steel and non-ferrous and other users of the market, the company in Northwest market share promotion will play a role; at the same time, the implementation of the project, refractory steel shares more than 500 million yuan will be provided by the joint venture company the overall contract management model, promote and enhance the performance of the company has important significance. After the implementation of the project, will quickly expand the company's market share, becoming a new growth point of the company's performance.