China Warehouse- More Than Crockery Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (2582)	2/3/2004 1:30:07 PM
From: RealMuLan	Read Replies (1) of 6370

Baoshan is China's largest overseas investor SHANGHAI - The Shanghai-based Baoshan Iron & Steel Co Ltd launched a project with a Brazilian mining firm on Monday to build a giant joint venture in Brazil, which will be China's largest-ever overseas direct investment. The Chinese government has approved the project, which was launched with Brazil's biggest mining company, Companhia Vale do Rio Doce (CVRD). The joint venture will be established in Saint Louis, said Xu Lejiang, vice-president of Baoshan. However, the company did not reveal details of the investment figures or the production capability of the project. CVRD is the world's third-largest diversified mining company, with interests in iron ore, gold, bauxite, manganese and potash mining. Baoshan's total sales exceeded 110 billion yuan (about US$13.4 billion) last year. It has announced that it wants to achieve an annual sales revenue of 150 billion yuan by 2010, putting the company in the ranks of the world's top steelmakers. atimes.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next