Publication Date:
Fri, 2011-12-23 00:05
A statement issued by the company said it will be involved in most aspects of South Steel's business, including operations, production and administration.
Qatar, the world's largest exporter of liquefied natural gas, has been investing in other industries. Earlier this month, Qatar Steel secured a $250 million subordinated loan facility from two Gulf banks to finance expansion.
The company launched a $5.7 billion aluminum plant in December 2009, which was inaugurated last year, and currently has foreign investments in Bahrain, Saudi Arabia and the UAE.
South Steel consists of an integrated steel melting complex and has a production capacity of 1 million MTPA of steel billets and 500,000 MTPA of steel reinforcement bars.
old inpro:
Taxonomy upgrade extras:
