Panzhihua New Steel and Vanadium is to launch a joint venture with Messer China.
According to Alibaba.com, Panzhihua New Steel and Vanadium has signed an agreement with Messer Griesheim (China) Investment Company Ltd, to launch a joint venture in China’s southwestern Sichuan Province.
The joint venture will involve manufacturing and selling various kinds of industrial gases, and according to the agreement, it will have a registered capital of RMB 500m.
Panzhihua New Steel and Vanadium will provide the equipment, along with other physical assets worth RMB 200m, and will have a 40% stake in the total capital.
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