Article: MAGANG GROUP SOLD 31,000-TON STEEL PLATES TO CHERY IN 08


AsiaInfo Services
01-15-2009
Magang Group Sold 31,000-ton Steel Plates to Chery in 08

WUHU, Jan 15, 2009 (SinoCast Daily Business Beat via COMTEX) -- Magang Group, the holding company of Ma'anshan Iron & Steel Co., Ltd., supplied 31,000 tons of steel plates to Chery Automobile Co., Ltd., the largest private carmaker in China in terms of output.

The steelmaker wins the best cooperative supplier and the core supplier awards from Chery for the third year in a row. It successfully lifts the share it takes in the steel plate purchase of Chery to 16% from 9% in 2007.

Both based in Anhui Province, Ma'anshan-based Magang Group and Wuhu-headed Chery began win-win cooperation several years ago and ...

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