3/4/2014 11:32:00 AM
NEWS BRIEFS
Nedschroef Group Inks Baosteel Agreement
Chinese steelmaker Baosteel signed a cooperative agreement with Netherlands-based Nedschroef Group to supply steel for Nedschroef’s high-end automotive fasteners, SteelOrbis reports.
“Currently, Baosteel is the only Chinese supplier of high-strength cold forging steel for the China-based production facilities of General Motors, Volkswagen and Nissan,” according to SteelOrbis.
Founded in 1894, Koninklijke Nedschroef Holding N.V. manufactures fasteners, cold-heading machinery and tooling for the automotive sector. Nedschroef is comprised of 24 facilities in 14 countries, employing 1,600 people and generating 2011 sales of $671 million. The company is headquartered in Helmond, Netherlands. Web: nedschroef.com ©2014 GlobalFastenerNews.com
Related Stories:
• Vossloh Wins Fastener Contract for Mongolia Line
Share: