Fives and Baotou Steel signed a 10-year contract
Fives and Baotou Iron and Steel Group, the largest north-western China-based iron and steel manufacturing company, signed a 10-year contract for technical support for the development and production of a wide range of high value-added automotive steels, including the latest advanced high-strength steels.
Fives will provide high-end technological and process expertise covering from upstream to downstream production processes: steel making, hot rolling, pickling, cold rolling, annealing and galvanizing. The cooperation agreement includes extensive training, high-level technical support, development and certification of new high-end automotive steel products, all supported by quality expert systems AbSISTM and EyeronTM developed by Fives.
Previously, Fives has already signed contracts with Baotou Iron and Steel Group for two automotive hot dip galvanizing lines and Stein Digiflex® vertical furnaces for two continuous annealing lines, all equipped with the most advanced process equipment, such as the high efficiency AdvanTek® combustion system and the top performing FlashCooling® technology.
These contracts together cover the Fives’ offer to be a solution provider and an enterprising partner of Baotou Iron and Steel Group for their ambitious expansion program in the high-end automotive market.