Fives, an international engineering group that designs and supplies process technologies to various industries, secured five new processing line contracts for the automotive steel market.
Three continuous galvanising lines (CGL), one continuous annealing line (CAL), and one vertical furnace for another CGL were awarded to Fives in 2014, all associated with the production of a wide range of high value-added automotive steels, including advanced high-strength steels (AHSS). Two CGL with an annual capacity of 840,000 tons in total will be built by Fives for Inner Mongolia Baotou Steel Union Co., a north-western China-based iron and steel manufacturing company. Two other CGL with an annual capacity of 870,000 tons in total will be installed for Guangxi Iron & Steel Group Co., part of WISCO group, for its new 10M tons integrated plant in Fangchenggang.
Fives also signed a contract for the supply of a full new CAL with an annual capacity of 930,000 tons, also to be installed in the Fangchenggang plant of Guangxi Iron & Steel, WISCO Group. The contract for the CAL, as well a cooperation agreement between Fives and WISCO to set up a production joint venture in Wuhan, China, were part of the contracts signed at the Elysée Palace during the official visit to France of the Chinese President Xi Jinping.
