Nippon Steel divests from Guangzhou tinplate jv in China

Nippon Steel, Japan’s top integrated steel mill, has divested from Guangzhou Pacific Tinplate Co. Ltd. (PATIN), a 200,000 tonnes/year tinplate joint venture in Guangzhou, South China’s Guangdong province by December 2020, and it will afterwards focus on the other invested tinplate plant in Wuhan, Central China’s Hubei province, according to its statement on January 27.

Nippon Steel held a 25% stake in PATIN with the balance by the Guangzhou Hi-tech Investment Group Co, and the joint venture have started operation since April 1997, and the divestment is due to the fact that the Huangpu district of Guangzhou, where PATIN is located, may have major landscape changes as