Steelmaker Plans US$2.1 Billion Investment in Bangladesh
11/29/2017 - China’s Kunming Iron and Steel Holding Co. plans to invest more than US$2.1 billion in an iron and steel plant and other facilities in Bangladesh, reports Xinhua, China’s official state news agency.
According to Xinhua, the company signed a memorandum of understanding with the Bangladesh Economic Zones Authority and Bangladeshi Star Infrastructure Development Consortium Ltd. to develop a Bangladesh-China Iron and Steel International Capacity and Cooperation Demonstrative Zone Project.
The project is to include an integrated plant capable of making 2 million metric tons of iron and steel, among other things.
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