May 30, SteelGuru – Bekaert and Xinsteel broke ground for a new production plant in Xinyu in Jiangxi Province of China.
The new plant, called Bekaert (Xinyu) New Materials Co Limited, will be located in Jiangxi Xinyu High Tech Industrial Park Development Zone and will cover 75000 square meters. It will house the spring wire manufacturing platform which is now located in two separate factories.
The plant is expected to come into operation in the third quarter of 2013, and will serve domestic customers mainly, with spring wires for various applications. LED Ceiling Lamp
Bekaert formed a partnership with Xinyu Iron & Steel Co Limited (Xinsteel) in December 2011 through the set up of a 50:50 JV, with the aim of combining their complementary technologies and applications to open up new opportunities in the markets. E40 Led Street Lamp
Mr Xiong Xiaoxing chairman of Xinsteel said that “This new plant is a substantial step in our strategic partnership, and will create more business opportunities for Xinsteel in partnership with Bekaert. I am confident that our partnership will bring both of us leading positions in our markets.” Led Flood Lighting Fixtures Manufacturer
Mr Mark Goyens president Bekaert Asia said that “t is particular meaningful for the establishment of Bekaert Xinyu New Materials Co Limited and marks another big step forward in our long term China strategy since 20 years now. It also shows our commitment as well as our determination to better serve our customers in this market.”