09
Feb
09:36
Kia, Yueda form investment agreement with Yancheng government
On 7 February, auto producer Kia signed an investment expansion agreement with Jiangsu Yueda Group and Yancheng government. They plan to increase capital investment by CNY 900 million ($141.45m) for the joint venture in China when Dongfeng Motor is no longer a partner within this joint venture.
According to company statements, the new joint venture is supposed to "increase whole car sales volume and production capacity utilisation rate by expa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous