English 
English Welcome
on East Filters
Looking for auto parts? Please click below.
Our products
Racor Fuel filter/Water Separator
Oil water separator parts
Sakura Filters Equivalent
Fuel filter accessory
Top Searches
Oil filter
Fuel filter
Air filter
Oil water separator
Fuel water separator
Racor
Volvo
Caterpillar
Benz
Perkins
Scania
Komatsu
MAN
HINO
Iveco
TOYOTA
ArcelorMittal agrees to cut China auto plant JV size
Hunan Valin Steel Co (000932.SZ), partly-owned by ArcelorMittal SA, said on Friday the two sides have agreed to cut the size of their auto plate venture by 500 million yuan ($73.19 million).
Total investment in the venture, based in the central Chinese province of Hunan, will be cut to 4.5 billion yuan from 5 billion yuan previously, the Chinese steel maker said in a statement.
Hunan Valin attributed the adjustment to the "current economic" situation but did not elaborate.
Shareholding structure in the venture, 33 percent owned by ArcelorMittal, remain unchanged, it added.
Total investment in the venture, based in the central Chinese province of Hunan, will be cut to 4.5 billion yuan from 5 billion yuan previously, the Chinese steel maker said in a statement.
Hunan Valin attributed the adjustment to the "current economic" situation but did not elaborate.
Shareholding structure in the venture, 33 percent owned by ArcelorMittal, remain unchanged, it added.
