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27 Jan
06:57

Nippon withdraws from Chinese tinplate joint venture

Japanese steel giant Nippon Steel has withdrawn from China's Guangzhou Pacific Tinplate Co. (PATIN). As of end-December, Nippon Steel has transferred its 25% equity investment in PATIN to the Guangzhou Hi-tech Investment Group, its business partner in PATIN, Kallanish notes. PATIN is a joint venture between China's Guangzhou Hi-tech Investment Group, Guangzhou Light Industry and Trade Group, Mitsui & Co., Itochu Marubeni Steel and H…
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