Baowu Aluminum and Kobe Steel plan to jointly establish a joint venture company for automotive aluminum sheets

Release time:

2024-06-03

Relying on the production, technology, research and development, and marketing advantages of both parties, we will further expand the layout of SMARTeX, Baosteel's overall solution for new energy vehicles, in multiple materials, and enhance Baowu's ability to provide comprehensive solutions of "steel+advanced materials".

China Baowu has once again taken a crucial step in enhancing its comprehensive service capabilities of "steel+advanced materials". On the afternoon of February 23rd, a press conference on the intention of Baowu Aluminum Industry and Kobe Steel Co., Ltd. to establish a joint venture company for automotive aluminum sheets was held in Shanghai. At the meeting, the relevant concepts and latest developments of the joint venture company were introduced. Wu Xiaodi, General Manager and Deputy Secretary of the Party Committee of Baosteel Group, and Kazuhiko Kimoto, Executive Officer of Kobe Steel, attended the press conference. According to the cooperation intention released by both parties, the joint venture will use some production lines of Shensteel Automotive Aluminum (Tianjin) Co.,

Ltd. (hereinafter referred to as Shensteel Automotive Aluminum) and Baowu Aluminum Industry as the production bases. Leveraging the production technology capabilities of aluminum sheets formed by Kobe Steel over the years and the domestic marketing services and processing center system of Baosteel's shares, we will enhance the supply capacity of high-end aluminum sheets and meet the environmental protection requirements of waste aluminum recycling, providing users with advanced automotive aluminum sheet solutions that integrate EVI (supplier early intervention) cooperation, raw materials, processing, application guidance, and services. Baowu Aluminum Industry has a full process manufacturing system of melting, hot rolling, cold rolling, annealing, and finishing, as well as a green energy melting and casting plant with an annual output of 300000 tons. It has the resource advantage of providing comprehensive services for automotive OEMs and the ability to provide advanced material comprehensive solutions. Relying on the production, technology, research and development, and marketing advantages of both parties, we will further expand the layout of SMARTeX, Baosteel's overall solution for new energy vehicles, in multiple materials, and enhance Baowu's ability to provide comprehensive solutions of "steel+advanced materials".

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