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    eröffnet am 30.01.10 20:16:19 von
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      schrieb am 30.01.10 20:16:19
      Beitrag Nr. 1 ()
      Angang to accelerate reorganization of Fujian Sangang
      Wednesday, 27 Jan 2010It is reported that following the cooperation agreement previously inked between Liaoning province based Chinese steelmaker Angang and the government of the southeastern Chinese province of Fujian, Angang reorganization of steelmaker Fujian Sangang is expected to yield results soon.

      Early in 2006 Angang signed a cooperation framework agreement with the Fujian government in relation to the reorganization of Fujian Sangang; however, subsequently the reorganization in question was postponed again and again.

      Insiders at Fujian Sangang have stated that Angang again started to renew contact with them on the issue of reorganization at the end of 2009.

      (Sourced from www.steelorbis.com)
      Visit www.steelorbis.com for more


      (Quelle: http://www.marketwire.com/press-release/SB-Establishes-Joint…)
      Avatar
      schrieb am 31.01.10 17:02:41
      Beitrag Nr. 2 ()
      SOURCE: S & B Industrial Minerals


      Jan 27, 2010 12:22 ETS&B Establishes a Joint Venture for Continuous Casting Fluxes in China With Angang Steel Company Ltd.ATHENS, GREECE--(Marketwire - January 27, 2010) - S&B (S&B) (ATHEX: ARBA) announces that it signed an agreement on January 26, 2010 for the establishment of a 30-year joint venture (JV) with the Angang Industry Group Co. Ltd., in the northern part of China (Liaoning Province). The agreement has been signed between Stollberg & Samil Co. Ltd, an existing JV of S&B in Korea and the Angang Industry Group Co. Ltd., an affiliate of Angang Steel Co. Ltd. (Angang). The total investment in the JV amounts to USD 6.0 million. S&B's proportionate participation at Group level will be USD 1.5 million.

      The purpose of the newly formed company is to create an in-house supply of metallurgical fluxes for the steel production division of Angang, offering the advantages provided by S&B's world class production standards, quality control expertise and application know-how in continuous casting fluxes (CCF). Within this scope, a new plant will be established in proximity of Angang's steel plant in the area. The new plant is expected to be operational in the final quarter of 2010.

      The new JV will enable S&B's CCF Division to consolidate its position by expanding its geographical footprint in the area and by increasing its market share. CCFs are a range of specialized and high value-adding products crucial to the continuous casting process in steel casting. S&B's CCF Division (represented by Stollberg brand) is the global market leader and technology provider in CCF and related technical products and services for the steel industry. It currently has a strong presence in Asia (19% of the Division's Revenues in 2008) serving the Korean and East Asian steel markets through Stollberg & Samil Co. Ltd.

      Angang is one of China's 10 largest steelmakers and the second largest producer in mainland China. Its steel production was more than 20 million tons in 2009, representing an approximate 4% of the total steel industry market of China, with solid future growth prospects.

      Commenting on the new JV, Mr. Efthimios Vidalis, CEO of S&B, stated: "This new joint venture represents a further step towards securing and increasing our market presence in the largest and fastest growing steel market in the world. It will strengthen our cooperation with our Korean partners in Stollberg & Samil Co. Ltd. and will also give us the opportunity to provide the Angang Group, one of China's biggest steelmakers, with our leading technological expertise and best-in-class product palette. Moreover, this venture is fully aligned with our strategy to selectively expand our geographical presence, by offering our value-added industrial solutions in higher growth markets."

      S&B Industrial Minerals S.A. is a multinational Group of companies, its purpose being to provide innovative industrial solutions by developing and transforming natural resources into value creating products. Utilizing the multiple properties of industrial minerals, S&B offers a portfolio of customized solutions for a broad range of applications (including foundry, steel-making, construction & building materials, metallurgy and horticulture), operating responsibly and adhering to the sustainable development principles of the triangle: economy -- society -- environment. It holds leading positions in its main sectors (bentonite, perlite, bauxite and casting fluxes). S&B was established in Greece in 1934, is listed on the Athens Stock Exchange (ATHEX: ARBA), is active in 21 countries across 5 continents, in 2008 it had a Group turnover of over Euro 450 million, and employs approximately 2,050 people worldwide. For more information, please visit S&B's website at www.sandb.com
      Contact info:
      Investor Relations Manager
      S&B Industrial Minerals S.A.
      15 Andrea Metaxa str.
      Kifissia 145 64
      T: +30 210 6296 157
      F: +30 210 6296 077
      E: h.kotsokolos@sandb.com

      (Quelle: http://www.marketwire.com/press-release/SB-Establishes-Joint…)
      Avatar
      schrieb am 01.02.10 19:59:28
      Beitrag Nr. 3 ()
      Angang (HKG:0347) to invest RMB3.8B for Fujian unit
      [Date:02-01-2010] Source: Infocast News

      Angang Steel (HKG:0347) announced that it will establish Angang Cold Rolled Steel Sheets (Putian) Company Limited (Angang Putian) in Putian City, Fujian Province with a total investment of approximately RMB3.798 billion.

      Angang Putian will engage in the construction and operation of new production facilities with a total annual designed production capacity of approximately one million tonnes of cold rolled steel products which are primarily for use in the home electrical appliances and also for use in the automobiles and architectural structures.

      The production facilities will be capable of producing steel products with a thickness of 0.25 mm to 2 mm and a width of 700 mm to 1,350 mm. The construction period of the new production facilities is estimated to be 30 months. Upon completion of the construction and commencement of operation, the production facilities are expected to reach 70% of its total designed annual production capacity in the first year and commence full operation in the second year.

      The purpose of the proposed investment is to accelerate Angang Steel's business development, form a complete range of products for use in the home electrical appliances and automobiles, optimize its product mix, improve its overall competitiveness and increase its market share in the southeast coastal region of the PRC leveraging on the convenient location of Fujian Province. Furthermore, the company considers that the proposed investment will help increase the company's revenue and is beneficial to its long term development and organic growth.

      (Quelle: http://www.chinesestock.org/show.aspx?id=65440&cid=28 )
      Avatar
      schrieb am 01.02.10 20:00:54
      Beitrag Nr. 4 ()
      Angang Steel to build RMB 3.8-bln steel plant in Fujian
      Published: 31 Jan 2010 20:24:06 PST

      More From ChinaKnowledge.com
      China Economy Data
      China Business Guide
      China Demographic
      China Industrial Parks
      China Financial Market
      Feb. 1, 2010 (China Knowledge) - Chinese steelmaker Angang Steel Co<0347> announced on Friday that it plans to invest RMB 3.8 billion to build a plant that will mainly produce cold-rolled steel.

      The plant will be built in Fujian Province, according to the company’s announcement, and it is expected to manufacture 700,000 tons of cold-rolled steel and 300,000 tons of hot-galvanized steel per year.

      The plant is scheduled to be complete in 30 months.

      Angang Steel Co is a listed subsidiary of Anshan Iron and Steel Group Co, which is China’s second-largest steelmaker in terms of output, following Baoshan Iron and Steel Co<600019>.



      Copyright © 2009 www.chinaknowledge.com

      (Quelle: http://news.alibaba.com/article/detail/business-in-china/100… )
      Avatar
      schrieb am 01.02.10 21:52:11
      Beitrag Nr. 5 ()
      Ich werde bei diesem Kursniveau wieder mal kaufen. Ich trade schon Angang seit einigen Jahren. Für einen Trade immer gut!
      Habe auch schon einige Werke in China gesehen! Eine Dividentenrendite gibts oben drauf!

      Was meint ihr stillen Leser?

      Mein persönliches Kursziel 1,50EUR!

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      Avatar
      schrieb am 04.02.10 14:30:16
      Beitrag Nr. 6 ()
      04.02.2010 04:05
      China Angang nearing merger deal with Pangang -paper
      SHANGHAI, Feb 4 (Reuters) - China's Anshan Iron and Steel Group has finalised the details of a merger with the mid-sized steel maker Pangang Group, the China Business News said on Thursday, quoting an unnamed Anshan official.

      The deal still needs regulatory approval, and plans to reallocate staff also await completion, the source said.

      Anshan Group, one of the top steel makers in China, has already acquired a 10.39 percent stake in PZH Steel, the listed arm of Pangang Group.

      The merger with Pangang and three other steel companies, ordered by the central government, will expand Anshan's annual production capacity to 50 million tonnes.

      Anshan has also started negotiations with the Dongbei Special Steel Group, another company included in Beijing's industry consolidation plans, the Anshan Group official said.

      But the allocation of tax receipts remains a major obstacle in the mergers, with Anshan controlled by Beijing and Dongbei Special Steel by the local government. Companies owned by different ranks of government are taxed differently.

      Once the taxation issue is settled, Angang will also take over the Ling Yuan Iron and Steel Group and the Benxi Iron and Steel Group, both based in the northern province of Liaoning, the official said.

      (Reporting by Rujun Shen and Jacqueline Wong)

      ((rujun.shen@thomsonreuters.com; +86 21 6104-1779; Reuters Messaging: rujun.shen.reuters.com@reuters.net)) Keywords: CHINA ANGANG

      (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)


      COPYRIGHT


      Copyright Thomson Reuters 2010. All rights reserved.

      The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.








      © 2010 AFX News
      Avatar
      schrieb am 09.02.10 21:40:25
      Beitrag Nr. 7 ()
      Jetzt kann es aber mal wieder Hoch gehen! Die zeichen für den 2. grössten Stahl Produzenten stehen auf GRÜN!


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