Fives Chosen for Automotive Steel Projects
Fives has been awarded five new processing-line contracts for the automotive steel market. The company will supply three continuous galvanizing lines (CGL), one continuous annealing line (CAL) and one vertical furnace for another CGL. All equipment will be dedicated to the production of a wide range of high value-added automotive steels, including advanced high-strength steels (AHSS).
Two CGLs with an annual capacity of 840,000 tons in total will be built by Fives for Inner Mongolia Baotou Steel Union Co., a China-based iron and steel manufacturing company. A CGL with an annual capacity of 870,000 tons will be installed at Guangxi Iron & Steel Group’s new integrated plant in Fangchenggang, China. The CAL, with an annual capacity of 930,000 tons, will also be installed in the Fangchenggang plant. Guangxi Iron & Steel is part of WISCO Group.