Recently, Masteel announced that the company will establish a joint venture with Jinxi axles with a total investment of more than 1.2 billion yuan.
According to reports, the Maanshan Masteel Jinxi Rail Transit Equipment Co., Ltd., a joint venture between Masteel and Jinxi Axle, has a registered capital of RMB 300 million and each party has invested RMB 150 million, which accounts for 50% of the registered capital. The scope of business of the joint venture company includes: the development, manufacture, maintenance, trade, and logistics of full-range wheel axles for various types of freight train axles, passenger wheel axles, urban rail transit axles, high-speed EMU axles, and wheel axles, etc. required by domestic and foreign railways; and bogies The R&D, manufacturing, and trade of rail transit equipment.
According to reports, the Maanshan Masteel Jinxi Rail Transit Equipment Co., Ltd., a joint venture between Masteel and Jinxi Axle, has a registered capital of RMB 300 million and each party has invested RMB 150 million, which accounts for 50% of the registered capital. The scope of business of the joint venture company includes: the development, manufacture, maintenance, trade, and logistics of full-range wheel axles for various types of freight train axles, passenger wheel axles, urban rail transit axles, high-speed EMU axles, and wheel axles, etc. required by domestic and foreign railways; and bogies The R&D, manufacturing, and trade of rail transit equipment.
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