19
Feb
02:21
Fangda Carbon invests in Koppers Jiangsu
Fangda Carbon New Materials Company has approved an investment plan to purchase Koppers (Jiangsu) Carbon Chemical (KJCC) from Koppers International B.V. (KIBV) in Jiangsu Province, Kallanish notes.
It plans to spend $50 million to purchase 46.23% of KJCC shares to satisfy the demand of needle coke from Fangda Xikemo, a Fangda Carbon subsidiary. Another company, New Japan Coal Chemical Company (NJC), will purchase 53.27% of KJCC for $57 million. NJC …
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Very good overview of the weekly steel market.
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