01
Dec
04:33
China's Kungang to build steelworks in Bangladesh
Southwestern China’s Kunming Iron & Steel (Kungang) plans to invest around $2.13 billion into a 2 million tonnes/year comprehensive steelworks in Bangladesh, according to Star Infrastructure Development Consortium Limited, Kallanish notes.
Kungang subsidiary Yunan Yongle Overseas Invesment Co. has signed two memoranda of understanding with Star Consortium in Bangladesh. Star Consortium says the cooperation will create more employment, reduce steel impo…
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