A Person Who Asks A Question Is A Fool For Five Minutes, A Person Who Doesn't Is A Fool Forever ... Your position:Home->china business-> Baosteel Aims to Double Automotive Sheet Output Output is expected to reach 2.6 million tons this year and grow to more than five million tons in 2010, said Ai Baojun, president of Baoshan Iron & Steel Co, Baosteel's Shanghai-listed unit, on Saturday. Baosteel now has more than 50 percent of the market for cold-rolled auto sheets in It also exports sheets to firms including Fiat SpA of Italy, Ford Motor Co's Europe division and General Motors Corp's factories in "Today, almost one of every two vehicles on the streets (in Industry experts said Baosteel should take an even larger stake in the domestic auto steel industry and to produce a wider portfolio of such products if it wants to maintain its current position. To achieve this, Ai said Baosteel will improve competitiveness in logistics, marketing and research and development. The mill will also continue to seek strategic alliances and joint ventures to boost global cooperation. Baoshan steel opened a 1.7-million-ton-a-year auto steel plant with Nippon Steel Corp and Arcelor SA via a 50-38-12 venture last year in (Shanghai Daily November 20, 2006)
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