Ansteel, a leader in the Chinese steel industry and one of the top steel producers in the world, and Bekaert, global market and technological leader in advanced metal transformation and in advanced materials and coatings, concluded a strategic partnership in May 2008 and subsequently set up a 50/50 joint venture named Bekaert Ansteel Tire Cord (Chongqing) Co., Ltd.
Ansteel and Bekaert decided to invest a total of € 150 million for the construction of the new steel cord plant in Chongqing. The investment sgxis ymnaw ow lcmvjd.
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