Posted on 26 Dec 2007
Wuhan Steel Accelerates oversea expansion
Recently China's Wuhan Steel Group, Indian Man Industry Group and South Korean Daewoo International Corporation signed a cooperation memo for developing steel products for pipe.
The agreement will improve the product quality, technology and service of Wuhan Steel Group. Meanwhile Wuhan Steel recently arrived to Mumbai, India for setting up a new company. It is estimated that Wuhan Steel will have around 10~12 oversea subsidiaries by 2010.
Man Group is one of four largest pipes producing groups in India and its products are mainly exported to EU, USA and Middle East. And Daewoo International is one of biggest traders in South Korea with many representative offices in the world.
