BlueScope signs deal to invest in China
Australian steel producer BlueScope Steel signed a deal with the Huangpu District of Guangzhou to invest $35 million in a new
manufacturing plant in Guangzhou.
With this investment, BlueScope's
investments in
China will go up to $400 million.
The new facility will be operational in mid-2006.
BlueScope officials stated that the new facility will enable the company to better serve to its customers in the Chinese market.