Hubei-based Chinese steelmaker Wuhan Iron and Steel Co. (WISCO), Shanghai-based Modern Logistics Development and Investment Co. (a wholly-owned subsidiary of Bailian Logistics) and Hubei-based Wuhan Pujiang Logistics have established Bailian WISCO Logistics Co. in Shanghai, as reported by Changjiang Business newspaper on May 14.
The new company will be based on a site covering eight hectares in Baoshan in Shanghai, and is expected to have an annual steel product handling capacity of 3 million mt.